Coalfire - About the company
Coalfire is an acquired company based in Westminster (United States), founded in 2001 by Kennet Westby. It operates as a Cybersecurity and compliance services provider, securing organizations in regulated industries. Coalfire has raised $12.9M in funding from Baird Capital. The company has 744 active competitors, including 139 funded and 85 that have exited. Its top competitors include companies like GardaWorld, CloudCheckr and CloudSEK.
Company Details
Cybersecurity and compliance services provider, securing organizations in regulated industries. The company offers advisory, assessment, and security services to help businesses navigate complex regulatory landscapes. They specialize in areas like FedRAMP, CMMC, global compliance, cloud engineering, and healthcare risk assessments. Their expertise extends to industries including financial services, healthcare, retail, and technology, providing tailored solutions to decrease vulnerabilities, protect customer data, and achieve compliance. They offer compliance automation platforms and audit services, threat-focused cybersecurity services, and CMMC advisory and assessment services. The company helps organizations design, build, and operate secure AI systems, offering AI security and trust engineering services. They provide offensive, defensive, and managed security services designed by hackers, defenders, and hunters. They also offer resources like case studies, data sheets, reports, videos, webinars, and white papers on topics such as application security, cloud, compliance, cyber risk, and FedRAMP.
- Website
- coalfire.com
- Registered Address
- Westminster, Colorado
Key Metrics
Founded Year
2001
Location
Westminster, United States
Stage
Acquired
Total Funding
$12.9M in 5 rounds
Latest Funding Round
Investors
Ranked
10th among 744 active competitors
Employee Count
1,029 as on Jun 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Apax (Dec 13, 2019)
Legal entities associated with Coalfire
Coalfire is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VERIS GROUP, LLC CIN: 202300601 , United States, Active | Dec 31, 1999 | - | 141 (As on Dec 31, 2017) | - |
COALFIRE SYSTEMS, INC. CIN: 841600418 , United States, Active | Dec 26, 999 | - | 951 (As on Dec 31, 2024) | - |
COALFIRE SYSTEMS, INC. CIN: 437191 , United States, Active | May 23, 2012 | - | - | - |
Coalfire's acquisition details
Coalfire got acquired by Apax on Dec 13, 2019.
Click here to take a look at Coalfire's acquisition in detail
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Coalfire's funding and investors
Coalfire has raised a total funding of $12.9M over 5 rounds. Its first funding round was on Feb 09, 2011. Its latest funding round was a Series B round on Sep 16, 2015 for $*****. 3 investors participated in its latest round. Coalfire has 3 institutional investors.
Here is the list of recent funding rounds of Coalfire:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 16, 2015 | 3906611 | Series B | 4738998 | 2146105 | 9797137 | 3821391 |
Feb 05, 2013 | 5865687 | Series B | 7587414 | 6314083 | 6677815 | |
Jan 25, 2013 | 3638149 | Series A | 4029836 | 7470931 | 2685364 | 9344593 |
Access funding benchmarks and valuations. Sign up today!View details of Coalfire's funding rounds and investors
Coalfire's founders and board of directors
Founder? Claim ProfileThe founders of Coalfire is Kennet Westby.
Here are the details of Coalfire's key team members:
- Kennet Westby: Co-Founder & President of Coalfire.
- Tom Mcandrew: CEO of Coalfire.
View details of Coalfire's Founder profiles and Board Members
Coalfire's employee count trend
Coalfire has 1,029 employees as of Jun 26. Here is Coalfire's employee count trend over the years:
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Coalfire's Competitors and alternates
Top competitors of Coalfire include GardaWorld, CloudCheckr and CloudSEK. Here is the list of Top 10 competitors of Coalfire, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  GardaWorld 1995, Montreal (Canada), Acquired | Provider of security personnel, risk management, and security service solutions | - | 71/100 | |
2nd | CloudCheckr 2011, Rochester (United States), Acquired | Cloud-based solutions for vulnerability assessment & cloud maanagement | $67.4M | 67/100 | |
3rd | Provider of predictive attack path intelligence and digital risk monitoring | $32.7M | 67/100 | ||
4th | Provider of cyber insurance products and digital security monitoring services | $22.1M | 67/100 | ||
5th | Proxy based isolation for malware attack prevention on the endpoints | $59.1M | 66/100 | ||
6th | Axio Global 2016, New York City (United States), Acquired | Provider of cyber risk management, mitigation, and insurance solutions | $30M | 66/100 | |
7th | Cyber risk and vulnerability assessment solutions provider | $49M | 66/100 | ||
8th |  RiskRecon 2015, Boston (United States), Acquired | Provides solutions for third party, supply chain and enterprise risk management | $40M | 65/100 | |
9th | Provider of AI-enabled cybersecurity, quantum computing, and mission-critical systems solutions | - | 65/100 | ||
10th | Coalfire 2001, Westminster (United States), Acquired | Cybersecurity and compliance services provider, securing organizations in regulated industries | $12.9M | 65/100 |
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Coalfire's Investments and acquisitions
Coalfire has acquired 3 companies including Denim Group, Neuralys and Veris Group. Coalfire has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 01, 2021 | Acquisition | 2001 | San Antonio (United States) | |
Apr 21, 2021 | Acquisition | 2015 | Bethesda (United States) | |
Dec 21, 2016 | Acquisition | 2005 | Vienna (United States) |
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Reports related to Coalfire
Here is the latest report on Coalfire's sector:
News related to Coalfire
Filter this listMedia has covered Coalfire for a total of 7 events in the last 1 year, 3 of them have been about company updates and 3 about partnerships.
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Coalfire Joins Wiz Partner Alliance to Enhance Cloud Security and ComplianceCIO Influence•Aug 03, 2026•Coalfire, Wiz, Google Cloud
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DivisionHex launches new framework to streamline exposure managementSecurityBrief•Dec 05, 2025•Coalfire
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DivisionHex Announces Exposure Management Roadmap Addressing Industry GapsCIO Influence•Dec 02, 2025•Coalfire
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Coalfire and Vanta Partner to Accelerate Compliance and Security with AIPR Newswire•Nov 04, 2025•Coalfire, Vanta
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