Financials

Estimates*

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Revenues, earnings & profits over time
USD201820192020202120222023
Revenues3.9m3.9m3.4m3.5m3.5m4.0m
% growth--(13 %)3 %-14 %
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DateInvestorsAmountRound
-

N/A

-
N/A

$2.0m

Seed
*

$3.5m

Series A
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N/A

Series A
N/A

$7.1m

Early VC
N/A

$3.2m

Early VC
*
N/A

$2.4m

Valuation: $17.5m

Early VC
*

$16.4m

Series C
*

N/A

Late VC
Total Funding€31.4m

Recent News about SpiderOak

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More about SpiderOakinfo icon
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SpiderOak is a cybersecurity company that specializes in providing highly secure collaboration tools for businesses. The company operates in the global digital economy, focusing on organizations with stringent security requirements. SpiderOak's primary offerings include CrossClave, a secure collaboration platform; Semaphor Messaging, a secure messaging service; One Backup, a personal backup solution; and Enterprise Backup, a backup service tailored for large organizations.

SpiderOak's unique selling point is its "No Knowledge" encryption model. This means that the company itself has no access to the data stored on its servers, ensuring maximum privacy and security for its clients. This approach makes SpiderOak particularly appealing to businesses that handle sensitive information and require robust data protection measures.

The company serves a diverse range of clients, including multinational corporations, government agencies, and any organization that prioritizes data security. SpiderOak's solutions are designed to facilitate secure remote work, protect digital intellectual property, and enable secure multinational collaboration.

SpiderOak operates on a subscription-based business model. Clients pay a recurring fee to access the company's suite of secure collaboration and backup tools. This model provides a steady stream of revenue and allows the company to continually invest in improving its technology and expanding its services.

In summary, SpiderOak is a cybersecurity firm that offers secure collaboration and backup solutions for businesses with high security needs. Its "No Knowledge" encryption model sets it apart in the market, making it a trusted partner for organizations that require top-tier data protection.

Keywords: cybersecurity, secure collaboration, No Knowledge encryption, data protection, remote work, digital economy, multinational collaboration, secure messaging, enterprise backup, subscription model.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.