S

SecureShift

Zero-trust security for the cloud era

CybersecuritySeries B$100M - $500M
Final Score
84
Tier 2: High Growth / Low Moat

Negotiate valuation

Investment Decision

Tier 2: High Growth / Low Moat

Likely burn-heavy with stiff competition

Recommended Action

Negotiate valuation

Headquarters

Seattle, WA

Founded

2020

Employees

125-175

About

SecureShift provides next-generation zero-trust security infrastructure that protects enterprise applications and data across multi-cloud environments. Our platform detects and prevents threats 50x faster than traditional solutions.

Weighted Scoring Breakdown
Execution Power

Weight: 30%

85.0

Founder-Market Fit + Revenue Velocity

Capital Efficiency

Weight: 30%

85.0

Burn Multiple + LTV/CAC

Durable Moat

Weight: 25%

85.0

Proprietary Data + Integration Depth

Growth Potential

Weight: 15%

80.0

NRR + K-Factor

Evaluation Metrics (1-100 Scale)
Founder-Market FitTarget: 10+ yrs domain + serial exit

14 yrs domain exp + serial exit

Revenue VelocityTarget: >200% YoY Growth

160% YoY ARR Growth

Burn MultipleTarget: <1.0x

1.20x (Net Burn / Net New ARR)

LTV/CAC RatioTarget: >5x

8.2x ($180K / $22.0K)

Proprietary DataTarget: >80%

78% private data

Integration DepthTarget: >5 active hooks

7.8 avg APIs per user

Net Revenue RetentionTarget: >120%

138% NRR

K-FactorTarget: >1.0

0.78 (1.9 invites x 41% conv)

Key Employees
RC

Robert Chang

CEO & Co-Founder

Former NSA, 15 yrs cybersecurity

DP

Diana Petrov

CTO & Co-Founder

Former Google Security, PhD cryptography

MJ

Mark Johnson

CISO

Former Microsoft, built Azure security

Financial Metrics

Revenue (ARR)

$24M ARR

+160% YoY

Gross Margin

80%

Burn Rate

$1.4M/month

Runway

26 months

LTV

$180,000

CAC

$22,000

Investment Details
Total Raised$78M
Last Round$55M Series B
Last Round DateMay 2024
Target Raise$120M Series C
Minimum Investment$250,000

Lead Investors

Greylock PartnersCRV
Key Highlights
  • 50x faster threat detection than legacy solutions
  • Protected $50B+ in enterprise assets
  • Zero customer data breaches since founding
  • Team includes former NSA and Google security leads
Risk Factors
  • Rapidly evolving threat landscape
  • Enterprise sales cycle complexity
  • Competition from established security vendors