Companies · Cybersecurity

Trout, Inc.

STOCKHOLM · Cybersecurity · refined from filed group “Other Health Care · https://www.trout.software/

Diligence memoA one-page analyst read on Trout, Inc. — recommendation, valuation, rhythm, risks.
$594.4M
Total raised · real
1
Rounds
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed Apr 04 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Trout, Inc. has raised $594M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the cybersecurity sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 8.2 yr ago; this sector typically re-raises about every 15 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Cybersecurity

Trout, Inc. is one of 270 Cybersecurity companies tracked from STOCKHOLM. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Zero Trust for multi-site industrial OT. Access Gate deploys alongside your network: no agents, no rewiring, no downtime. IEC 62443 zones, NIS2 ready.

Zero Trust for multi-site industrial OT. Access Gate deploys alongside your network: no agents, no rewiring, no downtime. IEC 62443 zones, NIS2 ready. Deploy Zero-Trust for your on-premise systems. Identity, microsegmentation, zero-Trust remote acces and audit trails. No agents. No rewiring. No downtime. × On-premise, the LAN still runs on implicit trust . Low visibility, limited access control, no audit trail. × Agents can't run on legacy equipment. Network refactoring means downtime operations can't take. Zero-Trust overlay on your existing LAN. Asset visibility, access control, microsegmentation, compliance. No agents, no rewiring, no downtime. In the cloud, Zero Trust is solved. Agents on every workload. Identity verified everywhere. On-premise, the LAN still runs on implicit trust. Low visibility. No audit trail. Critical assets exposed. Pressure on the LAN is growing : remote access, IT tying into OT, compliance requirements... Agents can't run on legacy equipment. Network refactoring means downtime operations can't take. Access Gate plugs into your existing LAN and builds a Zero-Trust overlay on top of it. Asset visibility, identity-based access control, microsegmentation, a

cybersecurity
Find Trout, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2018
Year incorporated
2018-04-04
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2018-04-04 Raised $594M (real) Modeled valuation $22.0B (est)$594M$22.0BGrowth/Late2018

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Growth/Late$594.4M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$22.0B
Base estimate est.
$4.6B
Conservative case
$39.6B
Upside case
$5.9B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.27×/yr
Annual markup
1.38×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
8.2 yr
On record since
2018
First round
1
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 95× above median
This company$594.4M
Sector median$6.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.0× above median
This company$594.4M
Sector median$594.4M
Modeled value — vs sector median (estimate, all stages) 485× above median
This company$22.0B
Sector median$45.4M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Growth/Late$594.4M2018-04-04$5.9B$22.0B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Growth/Late$594.4M2018-04-04
    • First recorded raise — entered as Growth/Late.
    • 15 investors on this round.
Intelligence
Modeled next raise
$951.1M
Modeled next size est.range $618.2M$1.5B
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Matthew A. Walter1 other2018-04
Jeffrey A. Jochims2018-04
Jeffrey A. Prestel2018-04
Michael A. Frazzette2018-04
Michael A. Oporto2018-04
Yuriy A. Prilutskiy2018-04
Registry & provenance

Trout, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1737972
SEC CIK
2018
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
HF Marketable Securities Pool, LLCCybersecurityGrowth/Late$1.2B$48.7Msame sector · same stage
Abnormal Security CorpCybersecuritySeries D+$282.6M$4.8Bsame sector
Prime Security Services TopCo Parent, L.P.CybersecuritySeries D+$217.3M$46.3Msame sector
Salt Security, Inc.CybersecuritySeries D+$203.1M$2.9Bsame sector
Ionic Security Inc.CybersecuritySeries C$186.8M$15.7Msame sector
IronNet Cybersecurity, Inc.CybersecuritySeries C$144.4M$1.6Bsame sector
Pindrop Security, Inc.CybersecuritySeries C$142.8M$46.1Msame sector
Frontpoint Security Holdings, LLCCybersecuritySeries D+$141.4M$4.7Bsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Firezone
Easiest way to set up Zero Trust Access for your team
Cybersecurity75%
Network Integrity Systems IncTelecommunicationsSeed$24.3M72%
Zero Trafficking, LLCOther TechnologyPre-Seed$6.5M71%
Protocol 46 Inc.Other TechnologyPre-Seed$17.4M71%
TrustLayer, Inc.Other TechnologyPre-Seed$6.4M71%
Fraud Protection Network, Inc.Other TechnologySeed$2.8M70%
SafeDeploy, Inc.Other TechnologyPre-Seed$3.6M70%
ZeroKey Inc.Other TechnologyPre-Seed$24.0M70%
Frequently asked
How much funding has Trout, Inc. raised?
Trout, Inc. has raised approximately $594.4M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Trout, Inc.'s estimated valuation?
Provath's modeled valuation for Trout, Inc. is approximately $22.0B (modeled range $4.6B–$39.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Trout, Inc. at?
Trout, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed Apr 04.
What does Trout, Inc. do and where is it based?
Trout, Inc. operates in the Cybersecurity sector, based in STOCKHOLM. Zero Trust for multi-site industrial OT. Access Gate deploys alongside your network: no agents, no rewiring, no downtime. IEC 62443 zones, NIS2 ready.
Explore related

See where Trout, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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