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Code42 - About the company

Code42 is an acquired company based in Minneapolis (United States), founded in 2001 by , and . It operates as a Cloud based endpoint data backup and security solution. Code42 has raised $138M in funding from investors like Accel, New Enterprise Associates and JMI Management. The company has 998 active competitors, including 78 funded and 117 that have exited. Its top competitors include companies like CrowdStrike, Acronis and Rubrik.

Company Details

Cloud based endpoint data backup and security solution. The features of the solution include a dashboard for real time data status, security settings, maintaining data access retention policies and auditing, encryption of data in transit, and SSO for user management. It also provides crashplan which backs up distributed end user data. It offers a range of products and services, including a cloud native data protection tool, instructor and a microlearning security tool.
Website
Social
Registered Address
Minneapolis, Minnesota
Key Metrics
Founded Year
2001
Location
Minneapolis, United States
Stage
Acquired
Total Funding
in 2 rounds
Latest Funding Round
Investors
Ranked
18th among
Employee Count
as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Mimecast (Jul 24, 2024)
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Code42's acquisition details

Code42 got acquired by Mimecast on Jul 24, 2024. It was facilitated by Piper Sandler.
Click to take a look at Code42's acquisition in detail

Code42's funding and investors

Code42 has raised a total funding of $138M over 2 rounds. Its first funding round was on Jan 06, 2012. Its latest funding round was a Series B round on Oct 02, 2015 for $85.6M. 4 investors participated in its latest round, lead by New Enterprise Associates and JMI Management.

Code42 has 10 institutional investors including Accel, New Enterprise Associates and JMI Management.

Here is the list of recent funding rounds of Code42:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Oct 02, 2015
$85.6M
Series B
9780105
9126642
Jan 06, 2012
$52.5M
Series A
5683900
8279787
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Code42's founders and board of directors

The founders of Code42 are , and .
Here are the details of Code42's key team members:
  • : Co-Founder & Board Member of Code42 and founder of .
  • : Founder of Code42.
  • : Former Co-Founder of Code42.
View details of

Code42's employee count trend

Code42 has 524 employees as of Dec 22. The total employee count is 11.0% more than what it was in Dec 21. Here is Code42's employee count trend over the years:
Employee count trend for Code42
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Code42's Competitors and alternates

Top competitors of Code42 include CrowdStrike, Acronis and Rubrik. Here is the list of Top 10 competitors of Code42, ranked by ÃØÃÜÑо¿Ëù score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for CrowdStrike
CrowdStrike
2011, Sunnyvale (United States), Public
Artificial intelligence based endpoint threat detection platform
$330M
General Atlantic, IVPÌý&²¹³¾±è;Ìý
82/100
2nd
Logo for Acronis
Acronis
2003, Singapore (Singapore), Acquired
Cloud based platform offering enterprise management solutions
$658M
78/100
3rd
Logo for Rubrik
Rubrik
2014, Palo Alto (United States), Public
Provider of live data access for recovery and application development platform
$553M
Kaplan Group Investments, IVPÌý&²¹³¾±è;Ìý
78/100
4th
Logo for Veeam
Veeam
2006, Columbus (United States), Acquired
Cloud based platform offering IT backup management solutions
$645M
CPP Investments, Insight PartnersÌý&²¹³¾±è;Ìý
77/100
5th
Logo for Aura
Aura
2017, Burlington (United States), Series G
Unified endpoint security solutions provider
$672M
Warburg Pincus, Annox CapitalÌý&²¹³¾±è;Ìý
73/100
6th
Logo for Datto
Datto
2007, Norwalk (United States), Acquired
Cloud based platform offering continuity management software
$100M
SLR Investment Corp, HTIFÌý&²¹³¾±è;Ìý
73/100
7th
Logo for F Secure
F Secure
1988, Helsinki (Finland), Public
Provider of unified endpoint device solutions
-
Taaleri, Ìý&²¹³¾±è;Ìý
72/100
8th
Logo for Lookout
Lookout
2007, San Francisco (United States), Series G
Provides data protection and cloud security solution
$284M
72/100
9th
Logo for SentinelOne
SentinelOne
2013, Mountain View (United States), Public
Cloud based endpoint security solutions
$697M
HTIF, W Capital PartnersÌý&²¹³¾±è;Ìý
71/100
10th
Logo for AvePoint
AvePoint
2001, Jersey City (United States), Public
Cloud based platform offering data backup and recovery solutions
$90M
68/100
18th
Logo for Code42
2001, Minneapolis (United States), Acquired
Cloud based endpoint data backup and security solution
$138M
62/100
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Code42's Investments and acquisitions

Code42 has acquired . Code42 has not made any investments as of now.

Reports related to Code42

Here is the latest report on Code42's sector:
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News related to Code42

Media has covered Code42 for a total of 4 events in the last 1 year, 1 of them has been about company updates.
•
Presseradar•Aug 19, 2024•Mimecast, Code42, Aware
•
Benzinga•Aug 14, 2024•Mimecast, Aware, Aware Biometrics, Code42
•
IT News Africa•Jul 24, 2024•Mimecast, Code42
•
CIO Influence•Jul 17, 2024•Mimecast, Code42
•
GlobeNewswire•Jun 04, 2024•Code42, Abnormal Security
•
GlobeNewswire•May 23, 2024•Code42, Mimecast
•
Benzinga•May 06, 2024•Code42
•
Benzinga•Mar 26, 2024•Code42
•
Business Wire•Dec 12, 2023•Code42
•
Business Wire•Sep 12, 2023•Code42
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