About Monarx
Monarx is a company based in Salt Lake City (United States) founded in 2017 by Brian Karney, Matt Hoffman, and Jon Gay.. Monarx has raised $9.4 million across 2 funding rounds from investors including Crosscut Ventures, Signal Peak and Kickstart Fund. Monarx operates in a competitive market with competitors including Jetpack, ScanSafe, Trust Lab, Tala Security and Chaitin, among others.
- Headquarter Salt Lake City, United States
- Founders Brian Karney, Matt Hoffman, Jon Gay
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Monarx, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.4 M (USD)
in 2 rounds
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Latest Funding Round
$6.1 M (USD), Series A
Mar 13, 2023
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Investors
Crosscut Ventures
& 3 more
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Employee Count
Employee Count
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Funding Insights of Monarx
Monarx has successfully raised a total of $9.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.1 million completed in March 2023. 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 A — $6.1M
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First Round
First Round
(03 May 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Monarx | Valuation | Signal Peak | |
| May, 2017 | Amount | Seed - Monarx | Valuation | Pelion Venture Partners |
| 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 |
investors |
Investors in Monarx
Monarx has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Crosscut Ventures, Signal Peak and Kickstart Fund. 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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Early-stage investments in US tech and life sciences are targeted.
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Founded Year | Domain | Location | |
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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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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 Monarx
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Monarx
| 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 |
investors |
Monarx Comparisons
Competitors of Monarx
Monarx 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 Jetpack, ScanSafe, Trust Lab, Tala Security and Chaitin, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Website security and performance enhancements are delivered by Jetpack.
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| domain | founded_year | HQ Location |
Cloud-based web proxy security is delivered for enterprise web usage.
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| domain | founded_year | HQ Location |
Website security solutions provider
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| domain | founded_year | HQ Location |
Website threat detection solutions are provided for client-side protection.
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| domain | founded_year | HQ Location |
Threat detection and vulnerability assessment for web applications are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Monarx
Frequently Asked Questions about Monarx
When was Monarx founded?
Monarx was founded in 2017.
Where is Monarx located?
Monarx is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of Monarx?
Matt Hoffman is the current CEO of Monarx. They have also founded this company.
Is Monarx a funded company?
Monarx is a funded company, having raised a total of $9.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on May 03, 2017.
What does Monarx do?
Monarx was founded in 2017 and is based in Salt Lake City, United States. Operations focus on cybersecurity for web environments, where a cloud-based platform is utilized to safeguard Linux web servers. Continuous real-time detection of malicious scripts is enabled, along with proactive prevention measures. Web shells are identified and blocked, attack surfaces are minimized, and backdoors such as web shells are examined through rules, signatures, analytics, and dynamic analysis.
Who are the top competitors of Monarx?
Monarx's top competitors include Jetpack, Baffin Bay Networks and Tala Security.
Who are Monarx's investors?
Monarx has 4 investors. Key investors include Crosscut Ventures, Signal Peak, Kickstart Fund, and Pelion Venture Partners.
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