IronNet Cybersecurity, a leading provider of state-of-the art cybersecurity solutions, announced significant advancements in the adoption of its IronDome and IronDefense products as well as a major Series B investment round totaling $78 million in new funding.

The investment was led by new investor C5 Capital, and joined by existing blue-chip Silicon Valley venture capital firmsForgePoint Capital (formerly known as Trident Capital Cybersecurity) and Kleiner Perkins. The new round provides IronNet with a valuation well above its prior round raised in September 2015. The new funds will be used to support IronNet's strategic growth and to continue accelerating the development and adoption of its industry-leading cybersecurity solutions.