How it started
History
Arxan is privately held and private equity-backed. In the fall of 2013, TA Associates, a private equity firm, completed a majority investment in Arxan Technologies. Previously, the company received Series B funding in 2003, followed by $13 million in Series C funding in 2007 and a Series D funding of $4 million in 2009. Early investors included Trident Capital, EDF Ventures, Legend Ventures, Paladin Capital, Dunrath Capital, TDF Fund and Solstice Capital.
Arxan was founded in 2001 by Eric Davis and Purdue University researchers, Mikhail Atallah, Tim Korb, John Rice and Hoi Chang. The first funding came from Richard Early and Dunrath Capital. Rich Early subsequently became Arxan's first CEO. The company's early intellectual property was licensed from Purdue University. The company's initial focus was on defense anti-tamper applications. Following the sale of its defense technology unit, Arxan Defense Systems, to Microsemi in 2010, Arxan focused on commercial applications.
In April 2020, Arxan Technologies joined CollabNet VersionOne and XebiaLabs to form Digital.ai, a software company with the stated aim of 'pulling software development, business agility and application security into a single platform'.
From Wikipedia’s article on Arxan Technologies, shared under CC BY-SA 4.0.3