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Theori

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Young cybersecurity r&d startup based in austin, tx

Austin, United StatesFounded 2016Cybersecurity
Valuation $50–100M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Theori and the history behind them.

About Theori

Theori is a cybersecurity firm that operates with an offensive security philosophy, tackling complex digital threats from an attacker's perspective. The company was established in 2016 by a team of distinguished hackers from Carnegie Mellon University, who have a notable history of winning multiple international competitions, including the DEF CON CTF. Brian Pak, a co-founder and the current CEO, previously co-founded Kaprica Security and holds both a Master of Science and a Bachelor of Science in Computer Science from Carnegie Mellon University. His academic and professional background, which includes an internship at Lockheed Martin, provides a strong foundation for the company's research-intensive approach.

Theori provides a range of solutions to government and commercial clients. Its business model is centered on a portfolio of products and services designed to provide comprehensive security. Key offerings include AI-powered application security testing (Xint), security for AI models (αprism), and a cybersecurity training platform called Dreamhack that uses real-world hacking simulations. The company also delivers a suite of consulting services such as penetration testing, source code audits, and advanced persistent threat (APT) simulations. Another significant service is their Security Team as a Service (STaaS), which embeds their experts within a client's operations, offering continuous security consulting and incident response. This model provides clients with ongoing access to security talent and customized defense strategies.

The company's history is marked by consistent product launches and strategic developments. Theori Inc. was established in January 2016, followed by Theori Korea in September 2017. They launched their threat intelligence database, 'Fermium-252', in 2019 and the 'Dreamhack' cybersecurity education platform in 2020. Subsequent years saw the release of the 'PatchDay' bug bounty platform in 2021 and the 'ChainLight' blockchain security audit service in 2022. Theori has also been active in securing funding, raising $15M in a seed round in June 2022. Their expertise has been recognized through achievements like winning the DEF CON CTF four years in a row and placing in DARPA's AI Cyber Challenge.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Austin, United States
Employees
86
Open positions
5
Dealroom signal
82.3/100
Industry
Security
Sub-industry
Cloud & Infrastructure
Sector
Cybersecurity
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jul 2022 $12M $46M Undisclosed ↗
SEED✓Equity / VC Sep 2018 — — NAVER —
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

Theori website traffic

Latest recorded traffic for Theori is 44K monthly website visits, up 7.3% over the last three months. Theori's team grew 19.4% over the past year.

Latest monthly visits44K 3-month web change+7.3% 1-year team growth+19.4%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • NAVER

Other known investors1 additional known investor

  • K2G Tech Fund
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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
4 countries with
team presence
🇰🇷 South Korea80.3%
🇺🇸 United States15.5%
🇨🇦 Canada2.8%
🇨🇭 Switzerland1.4%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Theori 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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