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Bastille Networks

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The first company to enable enterprise security teams to assess and mitigate the risk associated with the growing Internet of Radios

San Francisco, United StatesFounded 2014Security
Valuation $100–500M Latest valuation · 2024
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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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.

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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.

Source: Dealroom company data

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.

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020
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Growth signals

Bastille Networks website traffic

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.

Latest monthly visits11K 3-month web change-26.7% 1-year team growth+3.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investors

9 investors on the cap table

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
  • Christopher J. Rouland

Series A1 investor entered at this stage

Series B and later2 investors entered at this stage

Other known investors1 additional known investor

  • Georgia Institute of Technology
Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 7 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States98%
🇯🇵 Japan2%
2 countries shown

Market sentiment

Posts on X, past 7 days

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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