When was Code42 founded?

Code42 was founded in 2001 and raised its 1st funding round 11 years after it was founded.

Where is Code42 located?

Code42 is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota.

How many employees does Code42 have?

As of Mar 31, 2026, the latest employee count at Code42 is 101.

Is Code42 a funded company?

Code42 is a funded company, having raised a total of $138M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 06, 2012.

When was the latest funding round of Code42?

Code42's latest funding was a $***** Series B round on Oct 02, 2015, with participation from 4 investors. Its primary sector is Cybersecurity. In United States, the Cybersecurity sector has seen $2.6B in funding in 2026 to date.

Where does Code42 rank among its competitors?

Code42 ranks 79th amongst 1237 active competitors, of which 127 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Seclore, which secured $1M in Oct, 2025.

Who are the top competitors of Code42?

Code42's top competitors include Rubrik, Druva and Veeam. Among them, Seclore secured the most recent funding round in October, 2025.

Code42 - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of data loss prevention software addressing insider risk management. The software detects data theft and intellectual property leaks, providing visibility without complex policies. It automates responses to correct mistakes, block unacceptable activity, and contain insider threats. The software integrates with existing tech stacks, maximizing value across various platforms.

Website: code42.com
Social
Registered Address: Minneapolis, Minnesota

Key Metrics

Founded Year

2001

Location

Minneapolis, United States

Stage

Acquired

Total Funding

$138M in 2 rounds

Latest Funding Round

Series B, Oct 02, 2015, $*****

Investors

Accel & 9 more

Ranked

79^th among 1237 active competitors

Employee Count

101 as on Mar 31, 2026

Investment & Acquisitions

Recursive Awesome

Similar Companies

Rubrik & 1149 more

Exit Details

Acquired by Mimecast (Jul 24, 2024)

View Code42's full profile

Code42 is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CODE 42 SOFTWARE, INC CIN: 412019591 , United States, Active	Dec 31, 1999	-	166 (As on Dec 31, 2024)	-
Code42 Software GmbH CIN: D2601_HRB223173 , Germany, Active	Jan 19, 2016	-	-
CODE42 SOFTWARE, INC. CIN: 4414532 , United States, Active	Jun 07, 2013	-	-	-

Code42 got acquired by Mimecast on Jul 24, 2024.

Click here to take a look at Code42's acquisition in detail

Code42 has raised a total funding of $138M over 2 rounds. Its first funding round was on Jan 06, 2012. Its latest funding round was a Series B round on Oct 02, 2015 for $*****. 4 investors participated in its latest round. Code42 has 10 institutional investors.

Here is the list of recent funding rounds of Code42:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 02, 2015	9509881	Series B	5671802	7875966	3108321	5813189
Jan 06, 2012	4635330	Series A	3455730	3194440	Accel	Split Rock Partners

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View details of Code42's funding rounds and investors

The founders of Code42 are Matthew Dornquast, Brian Bispala and Mitch Coopet.

Here are the details of Code42's key team members:

Matthew Dornquast: Co-Founder & Board Member of Code42 and founder of 1 other company.
Brian Bispala: Founder of Code42.
Mitch Coopet: Former Co-Founder of Code42.

View details of Code42's Founder profiles and Board Members

Code42's employee count trend

Code42 has 101 employees as of Mar 26. Here is Code42's employee count trend over the years:

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Top competitors of Code42 include Rubrik, Druva and Veeam. Here is the list of Top 10 competitors of Code42, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rubrik 2014, Palo Alto (United States), Public	Provider of cyber resilience platform for data and identity security	$553M	Bain Capital Ventures, IVP & 50 others	79/100
2nd	Druva 2008, Santa Clara (United States), Series H	Provider of cloud-based platform for data protection, security, and governance	$475M	Viking Global Investors, Riverwood Capital ... & 41 others	78/100
3rd	Veeam 2006, Columbus (United States), Acquired	Provider of data resilience and cyber security solutions for enterprises	$1.04B	Insight Partners, Vertica Capital Partners ... & 2 others	77/100
4th	Seclore 2008, Mumbai (India), Series D	Provider of data-centric security software for preventing data theft and compliance	$51.8M	Helion Venture Partners, Ventureast & 39 others	76/100
5th	Datto 2007, Norwalk (United States), Acquired	Cloud based platform offering continuity management software	$100M	General Catalyst, True Wind Capital & 5 others	67/100
6th	Acronis 2003, Singapore (Singapore), Acquired	Provider of cyber protection solutions, including backup, disaster recovery, and cybersecurity	$658M	BlackRock, Goldman Sachs Investment Partners ... & 21 others	73/100
7th	Cohesity 2013, San Jose (United States), Series F	Cloud and AI based enterprise data backup and management solutions	$810M	Wing Venture Capital, Sequoia Capital & 51 others	72/100
8th	Fortanix 2016, San Francisco (United States), Series C	Provider of data security platform leveraging confidential computing and runtime encryption	$122M	Goldman Sachs, Foundation Capital & 9 others	69/100
9th	Cyberhaven 2016, San Jose (United States), Series D	Developer of a data detection and response security platform	$236M	Adams Street Partners, Khosla Ventures & 27 others	69/100
10th	Bluefin Payment Systems 2007, Atlanta (United States), Acquired	Hosted payment gateways and PoS systems	$31M	Macquarie, Napier Park Global Capital & 4 others	68/100
79th	Code42 2001, Minneapolis (United States), Acquired	Developer of data loss prevention software addressing insider risk management	$138M	TriplePoint Capital, The Private Shares Fund ... & 8 others	47/100