Digital Shadows Announces $14 Million Series B Funding Raise
Led by Trinity Ventures, New Investment Financing Enables Company to Further Propel Adoption of Cyber Situational Awareness
London and San Francisco, February 9, 2016 – Digital Shadows, the only company to offer organizations cyber situational awareness, today announced that it has closed its Series B funding at $14 million, led by Trinity Ventures, with general partner Fred Wang joining the company’s Board of Directors. Existing investors Storm Ventures, TenEleven Ventures and Passion Capital also participated, and the company also welcomed new investor Paladin Capital Group.
"Given Trinity's long and successful history of investing in the cybersecurity market, we understand how cyber situational awareness has become critical for enterprises,” said Wang. “Digital Shadows’ remarkable growth and the rapid adoption of its SearchLight offering by large enterprises impressed us, as did its strong management team. Trinity’s investment will help Digital Shadows capitalize on the widespread demand for a solution that provides buyers with a ‘beyond the boundary’ view of their organizations.”
Cyber situational awareness provides a view of an organization’s digital footprint and the profile of their attackers, including potential threats, attacker profiles, evidence of sensitive data loss, or negative impacts to brand integrity. Digital Shadows SearchLight™ continuously monitors more than 100 million data sources in 27 languages across the visible, deep and dark web. Supported with expertise from the company’s intelligence operations team, it provides an “attacker’s eye view” of organizations’ exposed data and the risks requiring mitigation.
“Trinity Ventures and Paladin Capital Group are excellent additions to our roster of investors, and Fred Wang will be an invaluable partner as we continue to aggressively grow our business globally,” said Alastair Paterson, CEO and co-founder of Digital Shadows. “With so many security teams struggling to obtain the required relevant intelligence to better protect their organizations, we have seen increasing demand of Digital Shadows SearchLight. This round will help us accelerate both development and hiring of cybersecurity talent, so that we can continue to empower our clients to achieve cyber situational awareness.”
Read more about Digital Shadows and its vision of cyber situational awareness in a blog by Alastair Paterson, co-founder and CEO.
Meet the Digital Shadows team by visiting booth #4808 in the North Hall at RSA Conference 2016 in San Francisco.
About Digital Shadows
Digital Shadows provides cyber situational awareness that helps organizations protect against cyber attacks, loss of intellectual property, and loss of brand and reputational integrity. Its flagship solution, Digital Shadows SearchLight™, is a scalable and easy-to-use data analysis platform that provides a view of an organization’s digital footprint and the profile of its attackers. It is complemented with security analyst expertise to ensure extensive coverage, tailored intelligence and frictionless deployment. SearchLight continually monitors more than 100 million data sources in 27 languages across the visible, deep and dark web and other online sources to create an up-to-the minute view of an organization and the risks requiring mitigation. The company is jointly headquartered in London and San Francisco. For more information, visit http://www.digitalshadows.com
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