Today is an exciting day for Digital Shadows. Earlier this morning, we announced a $10m focused investment to scale our industry-leading SearchLight service.
The investment is led by NAB Ventures, the investment arm of our existing customer National Australia Bank. This investment and partnership came about because of the belief NAB has in our service, our company, and the growth trajectory of the digital risk protection market. It is the ultimate validation to our business when a customer is so impressed that they want to join the ride as investors. We are thrilled to have NAB and their world class security team on board!
The partnership with NAB is especially exciting because it gives us a strong partner in Asia Pacific where we have seen incredible demand and where we are expanding our team to provide local threat intelligence expertise and 24×7 support to our global client base.
This round also includes additional investment from our existing investors who have witnessed first-hand the exponential growth of our business and market in the past year.
This investment is focused on furthering SearchLight’s lead in the digital risk protection space by building scale into all parts of the service. We plan to invest in additional product and development resources to build a platform that can service thousands of future clients and maintain and extend our place as the leader in digital risk protection.
As CEO, I am humbled by the excitement and confidence of our new and existing investors as we continue to watch this space, and our company grow apace. Finally, I’m thrilled to welcome Melissa Widner, Managing Director, NAB Ventures and David Fairman, EGM Enterprise Security, Chief Security Officer at NAB to our board as observers.
Congratulations to the entire Digital Shadows family of employees, clients, partners, and investors on this great news and for what it means for our future!