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Bastille Networks
The first company to enable enterprise security teams to assess and mitigate the risk associated with the growing Internet of Radios
About Bastille Networks
Bastille Networks, established in 2014, operates in the enterprise security market with a focus on wireless threat intelligence. The company was founded by Chris Risley, who serves as CEO, and Bob Baxley, the Chief Technology Officer. Risley brings a background in venture capital and has co-founded or served as CEO for multiple technology companies, while Baxley has a deep history in signal processing and communications systems from his time at the National Security Agency. This combined experience in both business and deep technology underpins the company's direction.
Read full description
The firm provides solutions for enterprise security teams to monitor and mitigate risks originating from radio frequency (RF) signals within their airspace. The core of their offering is a system that utilizes software-defined radio (SDR) sensors and machine learning algorithms to detect, identify, and locate the source of cellular, Wi-Fi, Bluetooth, and other Internet of Things (IoT) communication signals. This allows organizations to gain visibility into the myriad of wireless devices operating within their facilities, including those that are unauthorized or potentially malicious.
Bastille's business model centers on selling this comprehensive security platform. Clients, which include government agencies and corporations across sectors like finance and healthcare, purchase the hardware sensors and a software license. This generates revenue through both the initial sale and recurring software fees. The system provides security personnel with real-time data and alerts, enabling them to quantify risks and respond to airborne threats that could lead to data breaches or compromise network infrastructure. The key differentiator is its ability to cover the entire RF spectrum, from 25 MHz to 6 GHz, providing a more complete picture of wireless activity than traditional security solutions that may only focus on Wi-Fi and Bluetooth. The platform's dashboard offers a detailed view of all detected devices, their locations, and their activity, facilitating forensic analysis and policy enforcement.
At a glance
- Status
- Operational
- Founded
- 2014
- Headquarters
- San Francisco, United States
- Employees
- 99
- Open positions
- None listed
- Dealroom signal
- 84.8/100
- Industry
- Security, Enterprise Software
- Sub-industry
- Public safety
- Sector
- Security, Risk Management, Spinout, Cybersecurity, DT and LS
- Technology
- Deep Tech, IoT InternetOfThings
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Bastille Networks.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Jan 2024 | $44M | $176M | Bessemer Venture Partners · Goldman Sachs Asset Management | ↗ |
| SERIES BOther financing | Sep 2017 | $27M | $108M | Bessemer Venture Partners · Keel Funds | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Bastille Networks is 11K monthly website visits, down 26.7% over the last three months. Bastille Networks's team grew 3.1% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Keel Funds
John J. Huntz
Tom Noonan
David Cowan- CRChristopher J. Rouland
Series A1 investor entered at this stage
Series B and later2 investors entered at this stage
City National Bank
Goldman Sachs Asset Management
Other known investors1 additional known investor
Georgia Institute of Technology
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Bastille Networks on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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