Second Front Systems
PrivateLast Round
Series C
Sep 13, 2024
Est. Valuation
$750M
Total Funding Raised
$152.1M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Second Front Systems is a defense technology company that provides a secure DevSecOps platform and cloud hosting environment to accelerate the delivery of commercial software to government and national security agencies.
Sector
Cybersecurity
Verticals
Defense Tech, DevOps & Containers, Compliance & Risk, Cloud Security, Zero Trust
Business Model
B2B
Customer Profile
Subscription SaaS, Government Contracts
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Second Front Systems Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Second Front Systems Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Sep 13, 2024 | ||||
| Series B | Nov 28, 2023 | ||||
| Series A | Dec 7, 2022 | ||||
| Seed | Jan 27, 2021 | ||||
| Seed | Jul 7, 2020 |
Key People
Founding team and executive leadership
Second Front Systems Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Pallas Advisors | Seed |
| New Enterprise Associates (NEA) | Series C, Series B |
| Gaingels | Series A |
| Pallas Ventures | Series A, Seed |
| Salesforce Ventures | Series C |
| GALLOS Technologies | Series B, Series A |
| ARTIS Ventures | Series A, Seed, Series C |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 1, 2026
Game Warden platform received US agency ATO programs authorization.
- Jan 1, 2026
Department of Defense referenced as a customer.
Second Front Systems Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Second Front Systems's valuation, stock price, and market status.