# CipherMax

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ciphermax

- Industry: IT Security/Cybersecurity
- Headquarters: Cupertino, US
- Website: www.ciphermaxinc.com
- Total disclosed funding: $111M
- Latest round: Series B (Feb 6, 2007)
- Investors on record: 16

## About

CipherMax is a technology firm specializing in advanced software solutions that enhance operational efficiency for businesses, particularly in manufacturing, logistics, and retail sectors.Founded in 2000 in Cupertino, US, CipherMax focuses on developing software solutions and has undergone multiple strategic pivots since its inception. The company has raised a total of USD 5.148 mn through its Series B funding round on February 6, 2007, co-led by Alcatel-Lucent Ventures, Scale Venture Partners, Trellis Partners, US Venture Partners, and Venrock.CipherMax offers innovative software solutions aimed at improving operational efficiency across various industries including manufacturing, logistics, and retail. Their offerings include advanced software products and consulting services, which are designed to enhance productivity and reduce costs. The company serves clients in North America and Western Europe, catering to a diverse customer base ranging from small and mid-sized enterprises to large corporations.The revenue model of CipherMax is primarily based on subscription agreements and direct product sales. Clients engage through multi-year subscriptions that provide access to software updates and support services. Additionally, the company generates revenue from one-time purchases and consulting services, with pricing plans structured to meet the needs of various business sizes.CipherMax plans to utilize the recently raised funds from their Series B round to advance their product offerings and expand into new geographic markets. The company is focusing on designing new software products aimed at enhancing operational efficiency, with an expected launch in the upcoming quarters. Furthermore, CipherMax is targeting expansion into additional regions beyond North America and Western Europe, aiming for a broader international presence.

## Funding rounds

- Series B, Feb 6, 2007, $5.2M — Alcatel-Lucent Ventures, US Venture Partners, Venrock, Scale Venture Partners, Trellis Partners
- Series E, Jul 27, 2006, $6M — US Venture Partners, Venrock, Scale Venture Partners, Trellis Partners
- Series D, Nov 5, 2004, $29M — Alcatel-Lucent Ventures, US Venture Partners, CDIB Capital Group, Venrock, Scale Venture Partners, Trellis Partners, Inventech Investments Co.
- Series B, Sep 24, 2002, $25M — Alcatel-Lucent Ventures, US Venture Partners, CDIB Capital Group, Global Strategic Investment Fund Corporation, Venrock, Mega International Commercial Bank, Trellis Partners, Premier Capital Management, United Investments, Prudence Capital Management, Headline [DUP], Askew Print & Promote Ltd, WQ Investments, UMC Capital
- Series B, Oct 10, 2001, $20M — US Venture Partners, Venrock
- Series A, May 8, 2001, $26M — US Venture Partners, Venrock

## Investors

- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series A, Series B, Series D, Series E
- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series D, Series E
- Alcatel-Lucent Ventures (https://capitalatlas.ai/funds/alcatel-lucent-ventures) — Series B, Series D
- CDIB Capital Group (https://capitalatlas.ai/funds/cdib-capital-group) — Series B, Series D
- Global Strategic Investment Fund Corporation — Series B
- Mega International Commercial Bank — Series B
- Trellis Partners (https://capitalatlas.ai/funds/trellis-partners) — Series B, Series D, Series E
- Premier Capital Management (https://capitalatlas.ai/funds/premier-capital-management) — Series B
- United Investments (https://capitalatlas.ai/funds/united-investments) — Series B
- Prudence Capital Management (https://capitalatlas.ai/funds/prudence-capital-management) — Series B
- Headline [DUP] — Series B
- Askew Print & Promote Ltd — Series B
- WQ Investments — Series B
- UMC Capital (https://capitalatlas.ai/funds/umc-capital) — Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series D, Series E, Series B
- Inventech Investments Co. — Series D