Defakto Security

Palo Alto, California

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

About

About

Defakto Security is a cybersecurity company founded in 2022 by Danny Oliveri and Eli Nesterov, with its headquarters located in Palo Alto, California. Initially launched as SPIRL, the company rebranded to Defakto to reflect its focus on establishing a modern standard for non-human identity security. Business/Product Breakdown Defakto Security operates a non-human identity and access management platform that replaces static secrets, API keys, and overprivileged service accounts with short-lived, policy-bound identities issued on demand. Built on open protocols including SPIFFE, the platform secures automated interactions for workloads, CI/CD pipelines, multi-cloud environments, and AI agents by embedding verifiable identities into every non-human actor. Core capabilities include automated discovery of machine identities, just-in-time credential issuance, continuous posture assessment, and revocation workflows that integrate natively into existing development pipelines. The system provides centralized audit trails and policy enforcement without requiring changes to underlying code or infrastructure.

Keywords

Keywords

Classified

Private

News

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