/Companies

Code 42

Minneapolis, US · Founded 2011 · Delaware corporation · 7 known investors

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Code42 (now part of Mimecast) offers Incydr, a data loss prevention and insider risk management tool that detects and blocks data exfiltration across work channels, including uploads to unsanctioned generative AI tools. It serves security teams and CISOs at organizations seeking visibility and control over sensitive data movement.

Founders & leadership

Code 42 was founded in 2011 by Matthew Dornquast and Mitch Coopet.

MDMatthew Dornquast
Matthew DornquastFounder
MCMitch Coopet
Mitch CoopetFounderFounder at Code42
EF
Elizabeth FortierExecutive
JPJoe Payne
Joe PayneExecutiveFounder at Code42
BB
Brian BispalaFounder
JP
Joe Payne (CEO)Founder
MD
Matt DornquastFounder

Board

HGHarry Gruner
Harry GrunerBoard directorFounder and Executive Chairman at JMI Equity
PLPing Li
Ping LiBoard directorPartner at Accel
MGMichael Gorman
Michael GormanBoard directorManaging Director at Split Rock Partners
MS
Michael StankeyBoard director

Investors · 7

Reported raises · per SEC filings

Form D private placements

$138.1M disclosed across 2 rounds · 2012–2015

▶$85.6MraisedOct 2015 · 7 investors · Computers
Rule 506(b)
Officers, directors & promoters on the filing
  • Harry GrunerDirector
  • Elizabeth FortierExecutive Officer
  • Matthew DornquastDirector
  • Joseph PayneExecutive Officer, Director
  • Ping LiDirector
  • Michael GormanDirector
  • Michael StankeyDirector
Offering amount
$85.6M
Amount sold
$85.6M
First sale
Oct 2015
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$52.5MraisedOct 2015 · 4 investors · Computers
Rule 506(b)
Officers, directors & promoters on the filing
  • Susan DubExecutive Officer
  • Matthew DornquastExecutive Officer, Director
  • Mitchell CoopetExecutive Officer, Director
  • Brian BispalaExecutive Officer, Director
Offering amount
$52.5M
Amount sold
$52.5M
First sale
Jan 2012
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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In the news

Frequently asked questions

What does Code 42 do?
Code42 (now part of Mimecast) offers Incydr, a data loss prevention and insider risk management tool that detects and blocks data exfiltration across work channels, including uploads to unsanctioned generative AI tools. It serves security teams and CISOs at organizations seeking visibility and control over sensitive data movement.
Who founded Code 42?
Code 42 was founded by Matthew Dornquast, Mitch Coopet in 2011.
Who are Code 42's investors?
Code 42's investors include Accel, JMI Equity, New Enterprise Associates (NEA), NewView Capital, Realization Capital Partners, Second Alpha Partners, Split Rock Partners.
How much funding has Code 42 raised?
Code 42 has disclosed $138.1M raised across 2 rounds.
Where is Code 42 headquartered?
Code 42 is headquartered in Minneapolis, US.