SpiderOak

Cybersecurity firm providing secure collaboration tools

Lenexa, Kansas, United States

About SpiderOak

SpiderOak provides secure collaboration and backup tools specifically designed for businesses with high security needs. Its main products include CrossClave, a platform for secure collaboration; Semaphor Messaging, a secure messaging service; One Backup, a personal backup solution; and Enterprise Backup, which caters to large organizations. The company's unique "No Knowledge" encryption model ensures that it cannot access the data stored on its servers, offering maximum privacy and security for clients. This feature makes SpiderOak particularly attractive to organizations that handle sensitive information, such as multinational corporations and government agencies. By operating on a subscription-based model, SpiderOak maintains a steady revenue stream, allowing for ongoing improvements to its technology and services. The company's goal is to facilitate secure remote work and protect digital intellectual property while enabling safe collaboration across borders.

Lenexa, KansasHeadquarters
2007Year Founded
$33.6MTotal Funding
SERIES_CCompany Stage
Enterprise Software, CybersecurityIndustries
11-50Employees

Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Life Insurance
Disability Insurance
Parental Leave
Unlimited Paid Time Off
Paid Sick Leave
Remote Work Options

Risks

Open-source Aranya project may expose SpiderOak to potential security vulnerabilities.
Dependence on partnerships like Intelligent Waves poses risks if these partnerships dissolve.
Leadership changes could lead to strategic shifts or disruptions in company operations.

Differentiation

SpiderOak's 'No Knowledge' encryption ensures maximum privacy and security for clients.
The company leverages Zero-Trust encryption and private Blockchain for unparalleled data protection.
SpiderOak's OrbitSecure platform uses Rust for memory-safe programming in space cybersecurity.

Upsides

Increased demand for zero-trust solutions boosts SpiderOak's market potential in space operations.
Open-source Aranya platform fosters community-driven innovation in secure by design concepts.
Partnership with TrustPoint enhances SpiderOak's role in securing satellite navigation systems.

Funding

Total raised$33.63 M
Latest valuation$82.00 M
StageSERIES_C
EARLY VC
3/31/2022
$2
$17.50 M
$4
$17.50 M
SEED
6/30/2013
$2
$10.00 M