Cybersecurity startup Digital Shadows has closed a $14m Series B funding round led by Trinity Ventures.
The round, which also drew support from Storm Ventures, TenEleven Ventures, Passion Capital and Paladin Capital Group, comes after its $8m Series A which closed in February last year.
Trinity Ventures’ general partner Fred Wang, who also joined the company’s board of directors, said in a statement: “Given Trinity’s long and successful history investing in the cybersecurity market, we understand how cyber situational awareness has become critical for entreprises.
“Digital Shadows’ remarkable growth and the rapid adoption of its SearchLight offering by large enterprises has 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,” he continued.
Digital Shadows provides cyber situational awareness, which helps formulate a view of an organization’s digital footprint and profile attackers and potential threats.
According to a statement, SearchLight is credited with monitoring over 100m data sources in 27 different languages across the dark web.
“Digital Shadows is a tremendous UK tech success story,” said Eileen Burbidge, partner at Passion Capital and investor director for Digital Shadows.
“We first invested in Digital Shadows at its seed stage because of its unique approach to the market, providing truly relevant threat intelligence as part of a much broader offering that reduces the risk and burden of its customers. Its rapid expansion into the U.S. market, and client growth across broader Europe, has given us more than enough confidence and we are thrilled to further invest in the business,”concluded Burbidge.
Issue 9 of Tech City News magazine focuses on the topic of cybersecurity. To receive your free copy, sign up now.