menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Salesforce Backs Defense Tech Company Second Front At $750 Million Valuation

5 29
13.09.2024

U.S. Army veteran Tyler Sweatt, pictured, was appointed CEO of Second Front last year.

Defense tech startup Second Front, which gives companies a quick on-ramp to deploying software within sensitive government networks, has raised $75 million to expand internationally, the company told Forbes.

Salesforce Ventures led the company’s series C funding round, bringing the company’s valuation to $750 million, according to people familiar with the deal. Existing investors Moore Capital and NEA also participated, alongside new addition Battery Ventures.

The new funding comes as venture capitalists have poured more than $100 billion into defense tech companies in the past five years, according to Pitchbook, giving rise to a generation of new startups that have faced myriad uphill battles in selling to the Pentagon. Among them: getting approved to operate on government networks, including classified environments.

Second Front is one of a number of companies looking to provide this........

© Forbes


Get it on Google Play