Dark Web data intelligence tracking startup Terbium Labs, Inc. has raised $6.4 million Series A in a round led by .406 Ventures.

Founded in 2013 and debuting in 2015, Terbium Labs’ main product is called Matchlight, a platform claimed to offer the world’s first fully private, fully automated security data intelligence system.

Matchlight offers private, proactive and automated breach detection by “fingerprinting the Dark Web” and allowing organizations to discover in seconds to minutes when a compromise has occurred, and take action. This dramatically minimizes the damage, loss, and risk caused by a data breach, versus what they claim is a typical 200 days to identify when a data breach has occurred.

The system is built upon what Terbium describes as a massive Dark Web search engine that is designed to constantly scan for stolen and sensitive data using a patented data fingerprinting technology that creates a one-way digital signature of any type of data, enabling companies to automatically search for its sensitive information without revealing it to anyone – not even Terbium Labs.

Should Matchlight find even a trace of an organization’s data appear somewhere it shouldn’t, it notifies the firm’s information security team immediately so they can identify the breach and quickly set a response and recovery plan in motion.

“Data breaches are inevitable, but the key to mitigating the damage is to detect the breach as quickly and privately as possible,” Terbium Labs Co-Founder and Chief Executive Officer Danny Rogers said in a statement sent to SiliconANGLE. “Matchlight makes discovery and enforcement of critical data breaches faster and more efficient and shifts the balance of power from perpetrator to the perpetrated.”

Clever idea

Terbium Labs isn’t your typical security company that tries to prevent security breaches, but is instead offering a service that warns companies of a breach after it has happened; in a way you could consider it a monitoring service for breached data that has made its way onto the Dark Web, and that in and of itself is a clever idea that very few companies, if any others, are able to offer.

Including the new round, Terbium Labs has raised $9.7 million to date.

The company said it would use the new funds to expand its world-class team, accelerate enterprise sales of Matchlight, and “to continue to build their robust Dark Web index and to ensure any organization with critical data, confidential information, or crucial intellectual property is protected.”

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