Digital Shadows has strategically positioned itself to expand its global reach with a major £19 million funding boost.
This move will bolster its core service, SearchLight, as it continues to lead in digital risk management.
Digital Shadows, a renowned name in cybersecurity, has garnered significant traction by securing £19 million in a Series C funding round. This financial boost aims to further its global expansion and enhance its digital risk management services.
The funding round was spearheaded by Octopus Ventures, with notable contributions from World Innovation Lab and Industry Ventures. All existing investors have participated, reflecting strong confidence in Digital Shadows’ visionary journey.
With this newfound capital, Digital Shadows is set to broaden its footprint across various geographies. The core service, SearchLight, is pivotal in this expansion, addressing the increasing demand to manage digital risks.
SearchLight combines cutting-edge analytics with expert human insights to equip clients in safeguarding their digital assets against threats.
Recent enhancements to the service include mobile application support and expanded Dark Web capabilities, bolstering its defensive arsenal.
The backing from players like Octopus, World Innovation Lab, and Industry Ventures underscores the robust potential seen in Digital Shadows’ mission.
Such strategic investment not only validates its market positioning but also promises accelerated innovation and improvement in its services.
Luke Hakes from Octopus Ventures will now join the board of directors, bringing valuable expertise.
Matt Hancock, the Minister of State for Digital, acknowledges the substantial impact British tech companies have had globally, citing investments exceeding £28 billion over the last five years.
This level of financial infusion positions the UK as a fertile ground for tech innovations, outpacing traditional European tech powerhouses like France and Germany.
Alastair Paterson, CEO and co-founder of Digital Shadows, describes this funding as a milestone event, aiming to cement leadership in the digital risk management sector through continuous expansion.
Under Paterson’s leadership, the emphasis will remain on fortifying the brand’s capability to help businesses protect their digital, brand, and reputational assets.
His vision includes expanding geographical coverage and integrating advanced technologies to tackle emerging digital threats effectively.
Digital Shadows’ SearchLight utilizes a hybrid approach, combining scalable data analytics with manual expert analysis, offering unmatched oversight in digital risk management.
The new funding will enhance the speed of innovation, ensuring that clients receive the most advanced solutions for cyber threat mitigation.
The recent upgrades signify a commitment to staying at the forefront of cybersecurity technology, keeping pace with evolving digital landscapes.
Digital Shadows’ mission remains firmly rooted in delivering excellence through its flagship service, SearchLight.
Their client-centric approach promises an agile response to the fast-changing digital environment, steering towards a secure digital future.
With a strong financial backing, Digital Shadows is poised to set new benchmarks in the realm of cybersecurity.
The infusion of capital and talent will drive innovation, securing its position as a leader in digital risk management.
