Developer of security and cloud hosting platform designed to accelerate third-party application delivery and accelerate
Developer of security and cloud hosting platform designed to accelerate third-party application delivery and accelerate cloud adoption in public sector markets.
Government📍 Wilmington, DEFounded 2014
Current Valuation
$785M
as of 2024-Q3
PRIVATE
QL Price
$785M
0% vs last round
QuantLogix's current estimate for Second Front Systems, published 2026-09-27 — in line with the last disclosed round of $785M (2024-Q3).
Confidence
low
Basis
round anchored
What backs this price
Last disclosed round
$785M
2024-Q3
weight 0.25
How this price has held up
No round has priced for Second Front Systems since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-27 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Second Front Systems, 2026-09-27 (04348c1441171870).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Second Front Systems going public?
No. Second Front Systems is private and has not filed to go public. There is no S-1 on file.
What is Second Front Systems' valuation in 2026?
Second Front Systems is valued at $785M as of 2024-Q3, set by its Series C ($70M, Sep 2024). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Second Front Systems filed an S-1?
No public S-1 is on file for Second Front Systems.
How much has Second Front Systems raised?
Second Front Systems has raised $150.1M in total, most recently a Series C of $70M in Sep 2024.
Is Second Front Systems publicly traded — can you buy Second Front Systems stock?
No. Second Front Systems is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Second Front Systems on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
Founded
2014
HQ
Wilmington, DE
Employees
167
Total Raised
$150.1M
Last Round
Series C — $70M (Sep 2024)
IPO Status
private
Fundraising Status
Series C · $70M · 2y ago
privateTotal raised $150.1M
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C
$70M
Sep 2024
—
$785M
Talent Signal
Hiring trend
▶ Hiring steady
+6% vs 2026-08
Open roles
17
via ashby
Product-build share
47%
engineering, research, product, design
Trajectory
steady
product-led hiring — 47% of open roles build product; the rest are go-to-market and G&A.
Counted from Second Front Systems's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q3. Refreshed quarterly.