Second Front Systems, a Wilmington, DE-based public-benefit software company, has raised $40 million in Series B funding.
SaaS Investors
The round was led by NEA, with participation from existing investors Moore Strategic Ventures and AE Industrial Partners HorizonX.
Founded in 1977, New Enterprise Associates is a venture capital investment firm based in Lutherville-Timonium, Maryland. The firm prefers to invest in companies operating in the enterprise, consumer, life sciences, and digital health sectors.
Second Front Systems Use of Funds
The new funds will help Second Front expand capabilities across classified networks and additional security regimes. The company will use the funding to continue rapid global expansion and support customers across commercial and public sector markets.
About Second Front Systems
Second Front Systems (2F) is a public-benefit software company that builds software that accelerates the delivery of technology to U.S. warfighters. Second Front Systems (2F) fast-tracks government access to disruptive, commercially-proven software as a service (SaaS) applications for national security missions. The company's Game Warden platform simplifies the deployment and consumption of commercial software across the public sector, aiming to transform the relationship between the government and technology providers while enhancing national security. Leading software providers—ranging from publicly traded defense contractors to startups—and global government agencies trust 2F's Game Warden DevSecOps platform and secure cloud hosting environment to accelerate their delivery and harness the cloud revolution at scale.
Funding Details
Company: Second Front Systems, Inc.
Raised: $40.0M
Round: Series B
Funding Month: November 2023
Lead Investors: NEA
Additional Investors: Moore Strategic Ventures and AE Industrial Partners HorizonX
Company Website: https://www.secondfront.com/
Software Category: Public-Benefit Software
Source: https://www.prnewswire.com/news-releases/second-front-systems-raises-40-million-led-by-nea-to-speed-delivery-of-commercial-software-to-global-public-sector-301998371.html