UPDATED 21:00 EST / DECEMBER 23 2020

SECURITY

Cybersecurity firm White Ops acquired by Goldman Sachs

Cybersecurity startup White Ops Inc. has been acquired by Goldman Sachs Group Inc.’s Merchant Banking Division in partnership with venture capital firms ClearSky Security Fund and NightDragon.

The price of the acquisition, announced today, was not disclosed. Prior to the deal, White Ops had raised $31 million, according to Crunchbase. The acquisition included the purchase of shares from previous investors Paladin Capital Group and Grotech Ventures among others. Goldman Sachs had also previously invested in the company.

Founded in 2012, White Ops offers enterprise-grade cybersecurity protection designed to protect companies from digital fraud and abuse by verifying interactions. The company says its Fraud Mitigation Platform solves top cybersecurity pain points through three tailored products: application integrity which protects sites and apps from digital fraud; marketing integrity, designed to protect digital marking investments from fraud including illicit traffic; and advertising integrity, designed to protect digital media and advertising.

The company has found a willing audience as more companies have switched to digital during the COVID-19 pandemic. White Ops customers have grown 40% over 2020 and the company says it’s now processing more than 10 trillion interactions per week, providing what it describes as an incredibly broad and deep platform to stop nefarious activity across the internet. Customers include RSA Security LLC, GumGum Inc., Proctor & Gamble Co., Media.Net Advertising FZ-LLC and MediaMath Inc.

The acquisition is said to support White Ops in its next phase of growth and to accelerate its expansion into new markets.

“Goldman Sachs, ClearSky and NightDragon are ideal partners to support the next phase of the Company’s evolution and growth across multiple markets, use cases and geographies,” Tamer Hassan, co-founder and chief executive officer of White Ops, said in a statement. “Their continued support of our mission to disrupt the economics of cybercrime, global network of relationships and market expertise provides a very strong foundation to execute on our vision to enable collective protection for the internet.”

Image: White Ops

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