Digital Shadows bag $8m in new funding in largest round to date

Digital Shadows secured $8m in a new funding round led by US firm Storm Ventures. The announcement was made by Boris Johnson in a speech at The Grand Central Tech during his week-long US mission.

The mayor applauded the companies breakthrough, saying:

“Digital Shadows is another fantastic example of why US investors are turning to London’s tech talent .”

This is the largest round to date for the London based cyber intelligence company who protect organisations from cyber attacks and data loss. Their system continually monitors tens of millions of data sources to create an up-to-the-minute “hacker’s eye view” of an organisations risks .

Commenting on his backing of the investment, Ryan Floyd at Storm Ventures said:

“We are investing in Digital Shadows because we see huge potential and believe it brings something new to the market. Storm believes we can accelerate the company’s growth and we look forward to using our reach in the US to help the company in its next phase of development”

UK leads the way in cyber security

The new funding will take Digital Shadows to the next stage of their growth plan, allowing them to expand their business in the largest market of the world for cyber-security services, the United States.

The San Francisco and New York City offices will open in 2015 and the company is currently recruiting for a number of sales, marketing and operations professionals to complete the team.

But the UK’s cyber security tech is on the up, Prime Minister David Cameron has said:

“The UK is already leading the way in cyber security and this government is committed to ensuring it continues to be a leader in this multi-billion dollar industry. That’s why on this trip I’m supporting small businesses like Digital Shadows, a London-based company already fending off US competitors to win business in the States who are expanding to San Francisco and New York to build on their success.”