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About Vannevar Labs
Industries
Data & Analytics
Defense
Company Size
51-200
Company Stage
Series B
Total Funding
$89M
Headquarters
Palo Alto, California
Founded
2019
Overview
Vannevar Labs enhances national security by providing advanced data collection and analysis tools primarily for government agencies and defense contractors. Their main product, Decrypt, simplifies the process of gathering public data from hard-to-reach sources while ensuring secure and anonymous data collection. This is achieved through decentralized methods that mask the origin and destination of data, allowing users to access information without direct interaction with the sources. Decrypt's open architecture enables quick integration with other applications, making it adaptable to various needs. Vannevar Labs operates on a subscription-based model, charging clients for access to its platform, which ensures a steady revenue stream. The company's goal is to leverage technology to improve national security and maintain its reputation as a trusted provider in the defense sector.
Simplify's Take
What believers are saying
- Raised $75M in Series B funding, boosting product development and expansion.
- Decrypt deployed across 15 key government agencies, generating $25M in sales.
- Growing demand for AI-driven cybersecurity aligns with Vannevar Labs' offerings.
What critics are saying
- Increased competition from Palantir Technologies in the defense sector.
- Potential regulatory scrutiny over data privacy and AI ethics.
- Dependence on government contracts vulnerable to budget and political changes.
What makes Vannevar Labs unique
- Vannevar Labs integrates advanced NLP and computer vision for national security solutions.
- Decrypt platform decentralizes data collection, ensuring secure and anonymous data gathering.
- Open architecture allows Decrypt to integrate with government and commercial applications.
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Funding
Total Funding
$89M
Above
Industry Average
Funded Over
3 Rounds
General CatalystIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Maria Deutscher / SiliconANGLE:Vannevar Labs, which makes software for government agencies to process security data, raised a $75M Series B led by Felicis, bringing its total funding to $90M+Defense technology startup Vannevar Labs Inc. has raised a $75 million funding round led by Felicis Ventures.
Vannevar Labs, a Palo Alto, CA-based provider of technology to overcome critical national security problems, raised $75M in Series B funding.The round, which brings total funding to over $90M, was led by Felicis, with participation from DFJ Growth, Aloft VC, General Catalyst, Point72 Ventures, Costanoa Ventures, and Shield Capital.The company intends to use the funds for development of new products and win its first multi-year program from Decrypt.Led by CEO Brett Granberg, Vannevar Labs provides Decrypt, A text workflow platform built for national security which helps public servants working on military and foreign policy decisions understand, target, and respond to foreign actors. Decrypt has been deployed across 15 of the most important agencies in the government since launching in January of 2021 and has reached $25M in sales. The company launched two additional products in new mission areas in late 2022.FinSMEs19/01/2023
Vannevar Labs, a startup working on foreign text analysis tools for defense and intelligence applications, has raised $12 million in a Series A financing round backed by venture capital firms.
Vannevar Labs, a Palo Alto, CA-based provider of technology to solve critical national security problems, raised $12M in Series A funding. The round was co-led by Costanoa Ventures and Point72 Ventures with participation from General Catalyst. John Doyle, head of Palantir’s national security business, and Greg Sands, founder of Costanoa Ventures will be joining the Vannevar board. The company […]
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About Vannevar Labs
Industries
Data & Analytics
Defense
Company Size
51-200
Company Stage
Series B
Total Funding
$89M
Headquarters
Palo Alto, California
Founded
2019
There are no jobs for Vannevar Labs right now.
Find jobs on Simplify and start your career today