Digital Shadows Raises $10 Million For New Security Platform

August 13, 2019

Digital Shadows is a well-known provider of solutions that identify and mitigate corporate digital risks. In other words, they protect companies from digital threats. VentureBeat shares that Digital Shadows received a fresh cash infusion for their newest security platform: “Digital Shadows Raises $10 Million For Its Business Risk Intelligence Platform.” The National Australia Bank led a series C funding venture for Digital Shadows and scored $10 million for them.

The funding capital will be invested in Digital Shadows’s newest risk intelligence platform as well as allow the company to expand its support team in the Asia Pacific to provide 24/7 threat coverage. Digital Shadows plans to expand its client base from hundreds to thousands of organizations.

Digital Shadows CEO Alastair Paterson said:

“‘Demand for digital risk protection continues to flourish with significant growth in the Asia Pacific market. It’s clear that partnership with a regional specialist in NAB Ventures is exactly what is needed to drive further growth in this massive market and to expand the delivery of our SearchLight service to customers around the world,’ said Paterson, a former Detica principal consultant who partnered with chief innovation officer James Chappell in 2011 to found Digital Shadows. ‘We’re very pleased that our existing investors feel the same and have joined us on this next stage of our journey.’”

Digital Shadows’ leading product is their SearchLight server that works by having their clients register their data: email headers, keywords, employees, document-marking systems, and intellectual property. SearchLight then monitors over 100 million web data sources in over twenty-seven languages for copies. When the copies are spotted, SearchLight alerts its clients with remediation suggestions.

Digital Shadows is in a profitable market. Digital security needs reputable and intelligent companies to protect their data, because the bad actors are getting smarter.

Whitney Grace, August 13, 2019


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