A Pienaar-managed entity stepped in Soon afterwards with $ten million in financial loans to allow the corporation to restructure by using personal bankruptcy.

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immediately after slashing revenue projections in December 2021, Alexander tried to task self-confidence and mentioned IronNet was even now heading in the right direction to find out its revenue rise.

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He stated the business’s top rated leaders cultivated a tradition of deceit “much like Theranos,” the as soon as highly touted blood-testing company that turned a symbol of corporate fraud.

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lots of C5’s buyers and former workforce are baffled by Pienaar’s continued heavy bets on IronNet right after it's been soundly turned down by the marketplace.

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IronNet promoted by itself as a kind of private Model with the NSA. By scanning the networks of several shoppers, the company claimed, IronNet’s State-of-the-art computer software and experienced personnel could place alerts and patterns of subtle hackers that one business couldn’t do by itself. the corporation dubbed the technique the “Collective Defense Platform.”

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