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.

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.

In 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.