Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Digital Shadows Raises $14 Million

Cyber intelligence startup Digital Shadows has closed a Series B funding round of $14 million, led by VC firm Trinity Ventures.

Cyber intelligence startup Digital Shadows has closed a Series B funding round of $14 million, led by VC firm Trinity Ventures.

Headquartered in both London and San Francisco, the company’s “SearchLight” platform provides a view of an organization’s so-called digital footprint, and a risk profile which includes potential threats, attacker profiles, evidence of sensitive data loss, or issues that could result in brand damage.

According to the company, SearchLight monitors more than 100 million data sources in 27 languages across the visible, deep and dark web.

Digital Shadows LogoIn addition to combing the dark web and underground forums, the company’s intelligence operations team provides what the company calls an “attacker’s eye view” of organizations’ exposed data and potential risks that could require action.

According to Alastair Paterson, CEO and co-founder of Digital Shadows, the funding will help the company accelerate product development and fuel the hiring of additional talent.

The company said it had more than 30 hires in the second half of 2015, with plans to more than double its overall size to 120 employees in 2016.

Earlier this year, the company lured Rick Holland from Forrester Research to join as VP of strategy, where he will be tasked with shaping the company’s vision, roadmap and partnerships.

As part of the investment, Trinity Ventures general partner Fred Wang will join the company’s Board of Directors. Existing investors Storm Ventures, TenEleven Ventures and Passion Capital also participated in the funding, along with new investor Paladin Capital Group.

Advertisement. Scroll to continue reading.
Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Understand how to go beyond effectively communicating new security strategies and recommendations.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybercrime

As it evolves, web3 will contain and increase all the security issues of web2 – and perhaps add a few more.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Cybercrime

Luxury retailer Neiman Marcus Group informed some customers last week that their online accounts had been breached by hackers.

Cybercrime

Zendesk is informing customers about a data breach that started with an SMS phishing campaign targeting the company’s employees.

Artificial Intelligence

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.