UPDATED 03:39 EDT / FEBRUARY 10 2016

NEWS

SaaS cyber security startup Digital Shadows raises $14m Series B

Software-as-a-Service (Saas) cyber security startup Digital Shadows Ltd. has raised $14 million Series B in a round led by Trinity Ventures that includes Storm Ventures, TenEleven Ventures, Passion Capital and Paladin Capital Group.

Founded in 2011, Digital Shadows provides “cyber situational awareness,” an offering that assists organizations in protecting themselves against cyber attacks, loss of intellectual property, and loss of brand and reputation integrity.

The company’s main platform, Digital Shadows SearchLight, offers a scalable data analysis platform that delivers a holistic view of an enterprise’s digital footprint and the profile of its attackers.

Digital Shadows SearchLight is said to continuously monitor more than 100 million data sources in 27 languages across the visible, deep and dark web, and is supported with expertise from the company’s intelligence operations team, providing an “attacker’s eye view” of organizations’ exposed data and the risks requiring mitigation.

“Cyber situational awareness can prevent, detect and help contain cyber-related incidents by analyzing the organization through an “attacker’s eye view” and alerting you to potential threats, instances of sensitive data loss, or compromised brand integrity,” the company explains.

Digital Shadows also has a number of strategic relationships, including with Malformity Labs, Inc. to empower customers to mine and visualize data via the Maltego framework from Paterva; ThreatConnect, Inc. to help users better aggregate, analyze and act on the most relevant security information, and intelligence and forensics application provider Maltego, Inc.

Praise

“Given Trinity’s long and successful history of investing in the cybersecurity market, we understand how cyber situational awareness has become critical for enterprises,”Trinity Ventures Fred Wang said in a statement sent to SiliconANGLE. Digital Shadows’ remarkable growth and the rapid adoption of its SearchLight offering by large enterprises 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.”

Including the new round Dgitial Shadows has raised $22 million to date

The company said the new funds would allow them to accelerate both development and hiring of cybersecurity talent, “so that we can continue to empower our clients to achieve cyber situational awareness.”

Image credit: frosch50/Flickr/CC by 2.0

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