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IronNet, founded by former NSA director, shuts down and lays off staff

The cybersecurity company raised more than $400 million to date, but ceased operations and said it likely can't pay back its investors. ....

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IronNet, founded by former NSA director, shuts down and lays off staff

IronNet, a once-promising cybersecurity startup founded by a former NSA director and funded by cyber and defense investors, has shuttered and laid off its remaining staff following its collapse. In a regulatory filing published Friday, IronNet's president and chief financial officer Cameron Pforr said the company had ceased all business activities as it prepares for Chapter 7 bankruptcy, effectively liquidating the company's remaining assets to pay its remaining debts. The Virginia-based IronNet was founded in 2014 by retired four-star general Keith Alexander, soon after he departed as the former director of the National Security Agency during the biggest leak (at the time) of government secrets by former contractor Edward Snowden. ....

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