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.

Board



Investors · 7
How we know: Accel's portfolio page · offering press articles · company funding news (hacker news) · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: JMI Equity's portfolio page · funding news · offering press articles · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: NewView Capital's portfolio page · Not right? Tell us
How we know: Realization Capital Partners's portfolio page · Not right? Tell us
How we know: Second Alpha Partners's portfolio page · Not right? Tell us
How we know: offering press articles · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$138.1M disclosed across 2 rounds · 2012–2015
▶$85.6MraisedOct 2015 · 7 investors · ComputersRule 506(b)
- 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
▶$52.5MraisedOct 2015 · 4 investors · ComputersRule 506(b)
- 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
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.










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