Cybersecurity startup IronNet, founded by ex-NSA director Keith Alexander, collapsed in September 2021 due to lack of profitability.

IronNet, a cybersecurity startup founded by former NSA director Keith Alexander, collapsed in September 2021 after failing to achieve profitability and running out of funds. The firm, which once boasted a valuation of $3 billion, misled investors about its financial health, leading to discontent among former employees. Its downfall is attributed to questionable business practices, subpar products, and potential vulnerabilities to foreign interference, raising concerns over the judgment of its elite leadership.

October 04, 2024
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