# Cryptek

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

- Industry: Consumer Products
- Headquarters: Sterling Heights, US
- Website: www.cryptek.com
- Total disclosed funding: $26M
- Latest round: Series E (Dec 11, 2007)
- Investors on record: 4

## About

Cryptek, Inc. focuses on innovative technology solutions for secure communications and data integrity. The company specializes in cryptographic products designed for various industries, ensuring high levels of security and efficiency.Founded in 1996 in Sterling Heights, US, Cryptek, Inc. develops advanced cryptographic technology solutions. The company was acquired by API Nanotronic in July 2009. This acquisition enabled Cryptek to expand its technological capabilities and market reach.Cryptek, Inc. specializes in providing advanced cryptographic solutions aimed at securing communications and ensuring data integrity. Their product offerings include a range of cryptographic systems tailored to various sectors, addressing the needs of both military and commercial clients. The company’s products are primarily distributed in North America, Europe, and Asia, catering to a diverse range of clients requiring robust security solutions.Cryptek, Inc. generates revenue through direct sales of its specialized cryptographic products and services, primarily engaging in B2B transactions. The company establishes contracts with government and commercial clients, often involving customized solutions to fulfill their specific security requirements. This transaction model may include multi-year contracts that help build long-term client relationships, thereby creating recurring revenue opportunities.Cryptek, Inc. is focused on developing new cryptographic products, with plans to launch several advanced solutions targeted for the next fiscal year. The company aims to expand its market presence in Europe and Asia, particularly within the military and high-security sectors, by 2025. The recent funding of USD 9.00 mn from the Series E round will be utilized to support these product developments and market expansion initiatives.

## Funding rounds

- Series E, Dec 11, 2007, $9M — Walden Catalyst, Westbury Partners
- Series C, Feb 22, 2007, $7M — TPG Angelo Gordon, Walden Catalyst
- Series B, Feb 12, 2003, $10M — Westbury Partners, Walden Capital

## Investors

- Westbury Partners (https://capitalatlas.ai/funds/westbury-partners) — Series B, Series E
- Walden Capital — Series B
- TPG Angelo Gordon (https://capitalatlas.ai/funds/tpg-angelo-gordon) — Series C
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series C, Series E