Digital Shadows plans US expansion with £5.2m investment

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Digital Shadows will use last week’s £5.2 billion funding injection to extend its operations in the US and open premises in San Franciso and New York.

With its first overseas offices, the company plans to provide its multinational clients with a local presence in the US and grow its sales and marketing operations both in the US and UK.

The investment is being led by Storm Ventures, a West Coast US firm that specialises in scaling enterprise software as a service (SaaS) businesses and has invested also invested in Marketo and MobileIron. Passion Capital, which invested in Digital Shadows at its seed stage, also participated in the round.

The round also saw investment from cyber-security specialist fund TenEleven Ventures, and Mark Hatfield, a prominent investor in Cylance, CounterTack and Foundstone.

Boris Johnson announced the result of the company’s latest funding round in a speech at the Grand Central Tech event space in New York last week as part of the London Mayor’s trade mission to the US.

Digital Shadows helps protect organisations and individuals from a range of threats including leaked or compromised company data, stolen intellectual property and the identification of potentially hostile cyber-criminal groups with a suite of managed services. The company monitors 80 million sources across 26 different languages, currently providing its services to several multinational companies.

Digital Shadows is currently working with the Bank of England on its CBEST programme to deliver intelligence-led security tests to help keep the UK banking sector safe from attack.

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