Acquiring Company
PSG Equity
Acquired Company
IRONSCALES
AtlantaSoftwareData And AnalyticsScience And EngineeringArtificial IntelligencePrivacy And SecurityIT Services and IT ConsultingDescription
Elron Ventures has announced a secondary sale of its shares in cyber portfolio company IronScales to PSG Equity at a company valuation of approximately $340 million, reflecting a significant return on Elron's initial investment. The sale is part of a series of successful exits in Elron's cyber portfolio, which also includes recent acquisitions like Cybersixgill. IronScales, known for its AI-powered platform for email security, has been a valuable part of Elron's portfolio since its initial funding round in 2016 alongside Rafael Development Corporation.
Quick answer
PSG Equity is acquiring IRONSCALES, announced November 20, 2024.
- How much did PSG Equity pay for IRONSCALES?
- The deal value was not disclosed.
- Where are PSG Equity and IRONSCALES based?
- IRONSCALES is based in Atlanta, Georgia, United States.
- Who are the decision-makers at PSG Equity?
- Fundz holds 5 contacts at PSG Equity. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired IRONSCALES?
IRONSCALES was acquired by PSG Equity. The deal was reported on November 20, 2024. PSG Equity is privately held.
When did PSG Equity acquire IRONSCALES?
PSG Equity's acquisition of IRONSCALES was reported on November 20, 2024. Elron Ventures has announced a secondary sale of its shares in cyber portfolio company IronScales to PSG Equity at a company valuation of approximately $340 million, reflecting a significant return on Elron's initial investment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does IRONSCALES do?
IronScales is a leading provider of email security solutions, offering an AI-powered automated platform for detecting and preventing phishing attacks. It is privately held, operating in Software, and is based in Atlanta.
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