/Companies

IronCore Labs

Techstars '17

Boulder, US · Founded 2015 · Delaware corporation · 10 employees on LinkedIn · 9 known investors

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IronCore Labs provides application-layer encryption tools for engineering teams building AI applications and multi-tenant SaaS on sensitive data. The company offers Cloaked AI for encrypted vector embeddings, SaaS Shield for key management, and developer SDKs to keep data encrypted at rest and in use while maintaining functionality.

Also known as IronCore · IronCore Labs, Inc.

Founders & leadership

IronCore Labs was founded in 2015 by Patrick Walsh and Bob Wall.

PW
Patrick WalshCo-founder · CEOPatrick Walsh is a software executive with 15+ years in SaaS, big data, security, and networking technologies. He leads IronCore Labs, which provides application-layer encryption tools for AI and multi-tenant SaaS platforms.
BWBob Wall
Bob WallCo-Founder and CTOBob Wall is founder of IronCore Labs, which builds application-layer encryption tools for AI applications and multi-tenant SaaS systems.
RH
Robert HallNamed on SEC filing

Board

JV
Judson ValeskiBoard director
RHRichard Harjes
Richard HarjesBoard directorInvestor at Next Frontier Capital

Investors · 9

Also in the syndicate · 1

v1.vc

Reported raises · per SEC filings

Form D private placements

$4.3M disclosed across 4 of 5 rounds · 2017–2024

▶$500KraisedApr 2024 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard HarjesDirector
  • Robert WallPromoter
  • Judson ValeskiDirector
  • Patrick WalshExecutive Officer, Director, Promoter
Offering amount
$500K
Amount sold
$500K
First sale
Apr 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.6MraisedApr 2021 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Judson ValeskiDirector
  • Richard HarjesDirector
  • Patrick WalshExecutive Officer, Director, Promoter
  • Robert HallExecutive Officer, Promoter
Offering amount
$2M
Amount sold
$1.6M
First sale
Apr 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.5MraisedJun 2018 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard HarjesDirector
  • Robert WallExecutive Officer, Promoter
  • Patrick WalshExecutive Officer, Director, Promoter
Offering amount
$1.5M
Amount sold
$1.5M
First sale
Jun 2018
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$700KraisedJan 2017 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard HarjesDirector
  • Robert WallExecutive Officer, Promoter
  • Patrick WalshExecutive Officer, Director, Promoter
Offering amount
$1.5M
Amount sold
$700K
First sale
Jan 2017
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Company profile

researched Sep 2026

IronCore Labs is a data security company that develops application-layer encryption technology for cloud and AI applications. Its stated aim is to let engineering teams build generative AI, vector search and multi-tenant SaaS on top of encrypted sensitive data, keeping encryption keys wherever a customer's compliance requirements dictate and keeping data encrypted even while in use. The company states that no sensitive data flows through IronCore; encryption and decryption occur in the customer's own environment.

The product line consists of SaaS Shield, a key management and application-layer encryption platform offering full-lifecycle key handling, per-tenant encryption, streaming audit trails, and BYOK/HYOK (bring your own key / hold your own key) across AWS, GCP, Azure and third-party KMSes; Cloaked AI, which encrypts vector embeddings while preserving their usefulness for nearest-neighbor search, clustering, classification and anomaly detection, and which the company describes as the first commercial vector encryption product; Cloaked Search, which enables querying of encrypted keyword fields in Elasticsearch and OpenSearch without the search service seeing plaintext; the Data Control Platform (DCP), an open-source toolset using proxy re-encryption ("transform encryption") for cryptographic access control, group-based sharing and end-to-end encrypted applications; and VectorLens, a local command-line tool that scans vector embeddings to detect and classify personally identifiable information. An S3 proxy and per-language SDKs plug into the platform.

The company also offers a startup program providing two years of free encryption services for selected products to qualified early-stage startups.

Founding story

The company was founded in 2015 and is headquartered in Boulder, Colorado. Patrick Walsh is co-founder and CEO, with more than 20 years of experience in enterprise software and security and named inventorship on multiple cryptography patents.

Business model

IronCore Labs sells encryption products and platform services to software vendors and engineering teams. Much of its source code is published as open source under AGPL licenses, with commercial licenses sold for use in commercial or non-GPL software; the company describes these commercial licenses as inexpensive. A startup program provides two years of free encryption services for select products to qualified early-stage startups.

Traction

Cloaked AI integrations span numerous vector databases including Pinecone, Qdrant, Weaviate, Chroma, OpenSearch, Elasticsearch, pgvector, Milvus, LanceDB and Redis. The company maintains a portfolio of open-source repositories, with the recrypt-rs proxy re-encryption library showing 167 stars on GitHub, and publishes audited cryptographic libraries, public benchmarks for Cloaked Search, and a regular stream of blogs, newsletters, videos and conference talks.

Latest developments

In June 2026 IronCore Labs launched VectorLens, a local command-line tool that scans vector embeddings to detect and classify personally identifiable information hidden in RAG and AI pipelines, aimed at privacy, security and GRC teams. Recent company content covers AI application security, vulnerability and exploitation trends, key management, encrypted search, and internal policies governing the use of AI coding agents.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

IronCore Labs describes itself as a pioneering force in data privacy with security for AI data, cloud data and encrypted search, and has been named a Gartner Cool Vendor. It is tracked as a data privacy and application-layer encryption portfolio company of Tahoma Ventures.

The company positions Cloaked AI as the first commercial vector encryption product, addressing the risk that vector embeddings can be inverted back to close approximations of the source text, faces or images and therefore act as another copy of private data. Products are database-agnostic, working with Pinecone, Qdrant, Weaviate, Chroma, OpenSearch, Elasticsearch, pgvector, Milvus, LanceDB and Redis, and with AWS, GCP, Azure, MySQL, MongoDB, PostgreSQL, SQL Server, Oracle and Hadoop. Other stated differentiators include per-tenant, per-region and per-data-segment key separation with customer-held keys in external KMSes (including on-premises HSMs), immediate global revocation, open-source and audited cryptographic libraries, and crypto-agility for post-quantum migration. IronCore Labs has been named a Gartner Cool Vendor.

Technology

The platform implements application-layer encryption so that data is encrypted before it reaches data stores and remains encrypted in use. Cloaked AI uses property-preserving encryption that maintains distance relationships between vectors, based on the "Approximate Distance-Comparison-Preserving Symmetric Encryption" paper by Georg Fuchsbauer, Riddhi Ghosal, Nathan Hauke and Adam O'Neill, using a scale-and-perturb algorithm that adds noise and redistributes vectors while preserving relative distances; models trained on encrypted embeddings inherit the same protection. The Data Control Platform uses a proxy re-encryption scheme the company calls transform encryption, described in the ACM paper "Cryptographically Enforced Orthogonal Access Control at Scale," allowing encryption to a group public key with delegated and revocable decryption rights. Core libraries include recrypt-rs (Rust proxy re-encryption primitives), gridiron (constant-time big-number math), ironoxide and language bindings, ironhide and ironoxide-cli command-line tools, tenant-security-client SDKs for Go, Java, Node.js and PHP, and ironcore-alloy, a unified Rust library covering Cloaked AI vector encryption. The platform supports crypto-agility, letting algorithms, key sizes, KMSes and cloud providers be changed by configuration rather than code.

Go-to-market

The company sells through a developer-oriented motion: open-source SDKs and repositories on GitHub, public documentation, a demo application, a Discord server and community forums, free-to-try tooling such as VectorLens, and a startup program offering free services to qualifying early-stage companies. It also maintains a resource center of blogs, newsletters, podcasts, press releases, videos and explainers, and its executives present at security conferences including DEF CON, OWASP Global, LASCon, SnowFROC, RMISC and BSidesLV.

Engineering, security, privacy and GRC teams at cloud software companies, particularly multi-tenant SaaS vendors selling to large and international enterprise customers, and organizations building generative AI, RAG and vector search systems on sensitive data. Earlier positioning targeted cloud software companies seeking to reduce security and compliance barriers to enterprise sales.

Geography

Headquartered in Boulder, Colorado, at 1750 30th St. 500, Boulder, CO 80301. At the time of its 2017 seed round the company also had an office in Bozeman, Montana.

History

IronCore Labs was founded in 2015 and is headquartered in Boulder, Colorado. In May 2017, when it announced a $1.5 million seed round, the company had offices in Bozeman, Montana and Boulder, Colorado and described itself as a developer of customer-controlled data for SaaS companies, helping cloud software vendors reduce security and compliance barriers to enterprise sales by shifting control of encryption keys to data owners. The product line subsequently expanded from the open-source Data Control Platform and SaaS Shield into encrypted search (Cloaked Search), vector embedding encryption (Cloaked AI) and, in June 2026, the VectorLens PII scanner for embeddings.

Risks & controversies

The company notes that most of its open-source code is licensed under AGPL, requiring a commercial license for use in commercial or non-GPL software. Its own published research highlights that vector embeddings can be inverted to reconstruct source data, a risk its products are designed to address.

Compiled by commissioned research from 10 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
GitHub stars, recrypt-rs repositoryJan 2026167 stars
HeadcountAug 202610
Total funding raised (reported)May 2017$1.5M
VC funding rounds (reported)Jan 2026$1

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 2

Companies working in the same space as IronCore Labs.

Timeline · 4

launches, deals, and filings
Jun 2026
IronCore Labs launches VectorLens

The company released VectorLens, a local command-line tool that scans vector embeddings to help privacy, security and GRC teams discover sensitive data and PII inside RAG AI pipelines.

source ↗

Jan 2026
Named a Gartner Cool Vendor

IronCore Labs states on its website that it has been named a Gartner Cool Vendor.

source ↗

May 2017
IronCore Labs closes $1.5M seed round led by Next Frontier Capital

IronCore Labs announced a $1.5 million seed financing led by Next Frontier Capital with participation from Blue Note Ventures, PV Ventures, v1.vc and several private investors, to be used to launch its customer-controlled data solution publicly.

$1.5M source ↗

May 2017
Richard Harjes joins the board of directors

Richard Harjes, a General Partner at Next Frontier Capital, joined IronCore Labs' Board of Directors in connection with the seed round.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
IronCore LabsDelaware

In the news

▸Research sources · 10

primary sources listed

10 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does IronCore Labs do?
IronCore Labs builds application-layer encryption tools that keep AI, search and SaaS data encrypted while still usable.
Who founded IronCore Labs?
IronCore Labs was founded by Patrick Walsh, Bob Wall in 2015.
Who are IronCore Labs's investors?
IronCore Labs's investors include FirstMile Ventures, Hilltop Venture Partners, Matchstick Ventures, Next Frontier Capital, Techstars, Next Frontier Venture, PV Ventures, V1 VC.
How much funding has IronCore Labs raised?
IronCore Labs has disclosed $4.3M raised across 4 of its 5 known rounds.
Where is IronCore Labs headquartered?
IronCore Labs is headquartered in Boulder, US.