Thinkst Canary Hits $20M ARR After 10 Years Without Venture Capital
Discover how Thinkst Canary grew to $20M ARR in 10 years, bootstrapped and focused on effective cybersecurity solutions without VC funding.
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Thinkst Canary Hits $20M ARR After 10 Years Without Venture Capital Thinkst Canary’s Journey to $20M ARR Without Venture Capital Funding Are you wondering how a cybersecurity startup can achieve $20 million in annual recurring revenue (ARR) without relying on venture capital? Thinkst Canary’s success story offers a remarkable example. For a decade, Thinkst has built its flagship product, Canary, a cybersecurity tool designed to detect hackers immediately—addressing a critical challenge many companies face: discovering breaches long after the damage is done. This blog explores how Thinkst Canary’s unique approach to cybersecurity and sustainable growth propelled it to impressive profitability and market impact without the pressures of VC funding. Image Credits:J Studios / Getty Images How Thinkst Canary Revolutionized Cybersecurity Detection Thinkst launched Canary in 2015 to tackle a glaring industry problem. Despite massive spending on cybersecurity tools, many organizations were unaware of breaches for months. Thinkst envisioned a &…