# IronCore Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ironcore-labs

- Industry: Software
- Headquarters: Boulder, US
- Website: www.ironcorelabs.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Jun 28, 2018)
- Investors on record: 6

## About

IronCore Labs, Inc. develops innovative application-layer encryption solutions to secure data in cloud and AI applications, ensuring enhanced protection against data breaches and vulnerabilities for various industries.Founded in 2015 in Boulder, US, IronCore Labs focuses on delivering application-layer encryption solutions. The company secured funding through a Seed round in June 2018, raising USD 1.5 mn led by Next Frontier Capital, with participation from Blue Note Ventures and FirstMile Ventures. The firm has completed three deals to date.IronCore Labs specializes in application-layer encryption solutions designed to enhance data security in cloud software and AI applications. Its core offerings include Cloaked AI, which protects sensitive data in vector databases through encryption that maintains functionality; Cloaked Search, which secures Elasticsearch and OpenSearch with multi-tenant, searchable encryption; and SaaS Shield, which provides per-tenant application-layer encryption, data controls, and visibility into data access for multi-tenant SaaS applications. These products enable organizations to guard against significant risks such as data breaches, cross-tenant leakage, and other vulnerabilities, particularly pertinent for industries managing sensitive information. IronCore Labs serves a diverse clientele ranging from SaaS companies to enterprises across various sectors, with a global reach including markets in North America, Europe, and Asia.IronCore Labs generates revenue through a subscription-based model for its application-layer encryption services, targeting primarily B2B clients in the technology and software sectors. The company’s flagship products, such as the SaaS Shield and Cloaked AI, are typically offered under tiered pricing plans that align with the specific needs of enterprise customers, including advanced security features like customer-managed keys (CMK) and key orchestration solutions. Revenue transactions may involve annual subscriptions for software licenses, with options for additional services such as technical support and compliance assistance. This structured approach allows clients to integrate IronCore Labs' solutions seamlessly into their existing infrastructures while ensuring high levels of data security and compliance with privacy regulations.IronCore Labs aims to enhance its product offerings by designing new features for its existing encryption solutions, although specific release dates are not disclosed. The company plans to expand its market presence in Europe and Asia by 2023, utilizing the recent Seed funding of USD 1.5 mn to support these initiatives, including potential hiring and product development. This strategic expansion reflects its commitment to addressing the growing demand for robust data protection solutions in these regions.

## Funding rounds

- Seed, Jun 28, 2018, $1.5M — FirstMile Ventures, Blue Note Ventures, Next Frontier Capital
- Seed, May 18, 2017, $2M — Techstars, Right Side Capital Management, FirstMile Ventures, Blue Note Ventures, Next Frontier Capital, V1.VC

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed
- FirstMile Ventures (https://capitalatlas.ai/funds/firstmile-ventures) — Seed
- Blue Note Ventures (https://capitalatlas.ai/funds/blue-note-ventures) — Seed
- Next Frontier Capital (https://capitalatlas.ai/funds/next-frontier-capital) — Seed
- V1.VC (https://capitalatlas.ai/funds/v1-vc) — Seed