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
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Mimecast Services Limited
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Products & Services of Code42
Code42 offers a comprehensive portfolio of products and services, including Incydr, Advanced Email Security, and Aware. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Detects and prevents data loss from insiders in real time.
Secures organizations against sophisticated email attacks using AI.
Monitors and ensures compliance in collaboration tools.
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Software Development Team
93 people
Sales and Marketing
58 people
Leadership Team
40 people
Human Resources and Administration
36 people
Product Management Team
35 people
Finance and Accounting
24 people
Senior Team
22 people
Legal and Compliance
14 people
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $85.6M
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First Round
First Round
(06 Jan 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series B - Code42 | Valuation | New Enterprise Associates , JMI Management | |
| Jan, 2012 | Amount | Series A - Code42 | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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US venture capital investments are made across all stages.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Code42
Code42 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Recursive Awesome. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Provider of NLP, computer vision, cloud, and IoT services
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2008 |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Code42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Code42 Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Endpoint threats are detected via artificial intelligence by the platform.
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Cloud-based enterprise management solutions including backup and recovery are provided.
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| domain | founded_year | HQ Location |
IT backup and recovery solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
Unified endpoint security solutions are provided for threat management.
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| domain | founded_year | HQ Location |
Cloud based endpoint security solutions
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Code42
Frequently Asked Questions about Code42
When was Code42 founded?
Code42 was founded in 2001 and raised its 1st funding round 11 years after it was founded.
Where is Code42 located?
Code42 is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is Code42 a funded company?
Code42 is a funded company, having raised a total of $138.1M across 2 funding rounds to date. The company's 1st funding round was a Series A of $52.5M, raised on Jan 06, 2012.
How many employees does Code42 have?
As of Dec 31, 2022, the latest employee count at Code42 is 524.
What does Code42 do?
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.
What products or services does Code42 offer?
Code42 offers Incydr, Advanced Email Security, and Aware.
How many acquisitions has Code42 made?
Code42 has made 1 acquisition, including Recursive Awesome.
Who are Code42's investors?
Code42 has 5 investors. Key investors include Mimecast, Accel, Split Rock Partners, NEA, and JMI Management.
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