Cybersecurity and privacy firm BlackCloak today announced raising $17 million in a Series B funding round that brings the total investment in the company to over $30 million.
The new funding round was led by Baird Capital, with additional support from Blue Heron Capital and existing investors TDF Ventures and TechOperators. BlackCloak previously raised $11 million in a Series A funding round in 2021.
Founded in 2018, the Florida-based company provides corporate executives and other high-profile individuals at risk of sophisticated cyberattacks with robust personal protection for them and their families.
The BlackCloak Concierge Cybersecurity & Privacy Platform secures mobile and desktop applications and devices to shield customers from social engineering, cyber-extortion, doxing, and other types of threats, and also includes incident response capabilities.
The company’s mobile application provides real-time reports on digital health status. The desktop application allows users to monitor the security of personal, home, and family devices, while an enterprise dashboard provides insights aggregated for organizations.
BlackCloak says its platform protects the data, finances, and intellectual property of public officials, investment firms, large banks, Fortune 50 companies, retailers, and top talent management firms.
The new infusion of cash allows BlackCloak to invest in cutting-edge products and intelligence to expand its platform and keep high-profile individuals protected from both state sponsored attackers and cybercriminals.
“BlackCloak is continuing to scale our Digital Executive Protection Platform and to pioneer new advances in the field ensuring our clients receive the highest degree of protection available in the market. The home is the new battleground for cyber and BlackCloak is there to meet the challenge,” BlackCloak founder and CEO Chris Pierson said.
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