Code42

Minneapolis, United States Founded: 2001 • Age: 25 yrs Acquired By Mimecast
Cloud-based endpoint data backup and security solutions are offered.
Annual revenue - Latest available
Total funding $138.1M 2 rounds
Employees 524 Tracked headcount
Investors 5 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Code42

Code42 is a company based in Minneapolis (United States) founded in 2001 was acquired by Mimecast in July 2024. Code42 has raised $138.1 million across 2 funding rounds from investors including Mimecast, Accel and Split Rock Partners. The company has 524 employees as of December 31, 2022. Code42 has completed 1 acquisition, including Recursive Awesome. Code42 offers products and services including Incydr, Advanced Email Security, and Aware. Code42 operates in a competitive market with competitors including CrowdStrike, Acronis, Veeam, Rubrik and F Secure, among others.

  • Headquarter Minneapolis, United States
  • Employees 524 as on 31 Dec, 2022
  • Sectors
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Mimecast Services Limited
Operational Areas
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Technology → Semiconductors, Electronics & Hardware Unlock Sub-Sector Unlock Segment
Technology → Cybersecurity & Privacy Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $138.1 M (USD)

    in 2 rounds

  • Latest Funding Round
    $85.6 M (USD), Series B

    Oct 02, 2015

  • Investors
    Mimecast

    & 4 more

  • Employee Count
    524

    as on Dec 31, 2022

  • Investments & Acquisitions
  • Acquired by
    Mimecast

    (Jul 24, 2024)

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Products & Services of Code42

Code42 offers a comprehensive portfolio of products and services, including Incydr, Advanced Email Security, and Aware.

Product name locked
Category locked
Primary

Detects and prevents data loss from insiders in real time.

Product name locked
Category locked
Locked

Secures organizations against sophisticated email attacks using AI.

Product name locked
Category locked
Locked

Monitors and ensures compliance in collaboration tools.

People of Code42

Headcount 1000-5000
Employee Profiles 406
Board Members and Advisors 5
Employee Profiles
People
Ellie Alabaster
Global Campaigns Manager
People
Michael Paisley
Chief Security and Resilience Officer
People
Peter Bauer
CEO
People
Daniel Buckwalter
Lead Marketing Analyst

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Board Members and Advisors
people
Hagi Schwartz
Independent Non-Executive & Audit Committee Chair

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Funding Insights of Code42

Code42 has successfully raised a total of $138.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $85.6 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Code42

Code42 has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Mimecast, Accel and Split Rock Partners.

All
Venture Fund
Investor Description Founded Year Domain Location
Accel is recognized as a leading venture capital firm.
Locked Locked Locked
US venture capital investments are made across all stages.
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Venture capital investments are offered to startups by NEA.
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Investor details for Code42

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  • Investor domains
  • Investor locations
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Investments & Acquisitions by Code42

Code42 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Recursive Awesome.

Investments
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Investment portfolio details for Code42

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  • Portfolio identities
  • Transaction dates
  • Round details
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Provider of NLP, computer vision, cloud, and IoT services
Locked Locked 2008 Locked
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Complete acquisition details for Code42

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Financial Statements - Code42

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Detailed financials for Code42

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Code42 Comparisons

Code42 Primary company
Description
Cloud-based endpoint data backup and security solutions are ...
Location
Minneapolis, United States
Founded Year
2001
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
524
As of 2022
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Peer comparison for Code42

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Competitors of Code42

Code42 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CrowdStrike, Acronis, Veeam, Rubrik and F Secure, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Endpoint threats are detected via artificial intelligence by the platform.
Locked Locked Locked
Cloud-based enterprise management solutions including backup and recovery are provided.
Locked Locked Locked
IT backup and recovery solutions are provided via cloud platform.
Locked Locked Locked
Converged data management solutions are provided for backup and recovery.
Locked Locked Locked
Unified endpoint security solutions are provided for threat management.
Locked Locked Locked
Cloud based endpoint security solutions
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Detailed competitors of Code42

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Latest news on Code42

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Complete news archive for Code42

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Code42

Code42 was founded in 2001 and raised its 1st funding round 11 years after it was founded.

Code42 is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.

Code42 is a funded company, having raised a total of $138.1M across 2 funding rounds to date.

As of Dec 31, 2022, the latest employee count at Code42 is 524.

Founded in 2001 and headquartered in Minneapolis, United States, Code42 operates in the cybersecurity and data protection sector. Endpoint backup and security services are delivered through a cloud platform, featuring real-time data monitoring via dashboards, configurable security policies, data retention and auditing capabilities, encryption during transmission, and single sign-on for access management. CrashPlan is utilized for distributed user data backups, alongside cloud-native protection tools and microlearning resources for security education.

Code42's top competitors include Acronis, Rubrik and Veeam.

Code42 offers Incydr, Advanced Email Security, and Aware.

Code42 has made 1 acquisition, including Recursive Awesome.

Code42 has 5 investors. Key investors include Mimecast, Accel, Split Rock Partners, NEA, and JMI Management.

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