Digital Shadows closes $14 million Series B funding round
9th February 2016
Digital Shadows, the Level39 high-growth member which offers 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.
This $14 million funding will give Digital Shadows the necessary capital to grow the team, further invest in development, and empower more clients with cyber situational awareness.
Fresh from upgrading its Searchlight suite of tools, the platform 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.
“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.
Read CEO Alistair Paterson’s blog on the ‘missing ingredient of cyber threat intelligence’ here.