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Theori
Young cybersecurity r&d startup based in austin, tx
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 dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jul 2022 | $12M | $46M | Undisclosed | ↗ |
| SEED✓Equity / VC | Sep 2018 | — | — | NAVER | — |
Growth signals
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.
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Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
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Market sentiment
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