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From ‘kitchen table start up’ six years ago, the company now has hundreds of customers across the globe, and nearly 200 employees
London, April 26, 2018: Digital Shadows, the leader in digital risk management and relevant threat intelligence, is a British cyber security success story. The firm was started in 2011 by Alastair Paterson and James Chappell around a kitchen table in Camden. Since then, the company has become a Silicon Valley-backed global power in cyber security with roots firmly in the City of London. Since founding the business, Digital Shadows has raised $49m in funding and securing 150+ global clients from digital risks across the open, deep, and dark web.
Although Digital Shadows has nearly 200 employees across offices in London, San Francisco, Dallas, Singapore, and Frankfurt, London remains the beating heart of the operation where all product and engineering work takes place. The opening of this new premises at Westferry Circus on a long-term lease illustrates the company’s commitment to London and the UK and marks the next stage in Digital Shadows growth plans with it having established offices in Germany and Singapore earlier this year.
Alastair Paterson, CEO and co-founder of Digital Shadows said: “This move marks a long-term commitment to London and means that we are now set up to expand the business significantly and service our clients better. As a first step we expect to create at least 20 jobs in London over the next year.
Paterson continues: “When myself and James Chappell set the company up six years we suspected we had a good idea, but we didn’t quite envisage just how cybercrime would proliferate and just how complicated it would become for organisations to manage their digital risk. That’s where we feel we can help and why we have made such a bold bet on the future of Digital Shadows.”
Lord Ashton of Hyde Parliamentary Under Secretary of State at the Department for Digital, Culture, Media and Sport commented: “The UK continues to lead the rest of Europe in terms of technology investment with some £28bn in technology investment since 2011. We’re all aware that the risk to organisations from cyber-related activities has never been greater, so it’s vital that innovative technology companies such as Digital Shadows provide the market with the tools they need to combat the threat.”
Eileen Burbidge, Partner at Passion Capital said, “We were privileged to invest at Digital Shadows during its seed stage — and in every round since, because we were excited about the founders, unique IP, strong service offering and the tremendous growth potential of the company. We recognised then, as we do now, that the cyber security sector needs impactful and measurable value propositions. It is too often dominated by companies that seek to keep adversaries out of the network, but in many cases breaches occur outside of the network and organisations need to manage their digital risk more proactively.”
ABOUT DIGITAL SHADOWS
Digital Shadows enables organizations to manage digital risk by identifying and eliminating threats to their business and brand. We monitor for digital risk across the widest range of data sources within the open, deep and dark web to deliver tailored threat intelligence, context and actionable remediation options that enable security teams to be more effective and efficient. Our clients can focus on growing their core business knowing that they are protected if their data is exposed, if employees or third parties put them at risk, or if their brand is being misused. To learn more, visit www.digitalshadows.com.