Cyber Security

Cyber Security

Cyber security specialist raises £19m

The funding will help London-based Digital Shadows expand its digital risk management service and will fuel its global expansion plans.

Digital Shadows has raised £19m in a Series C funding round to expand the capabilities of its market leading SearchLightTM digital risk management service and fuel its global expansion plans.

The funding round was led by Octopus Ventures, with participation from World Innovation Lab, Industry Ventures and all of Digital Shadows’ existing investors.

Luke Hakes, investor at Octopus Ventures, will be joining the board of directors as part of the funding raise.

Alastair Paterson, CEO and co-Founder of Digital Shadows, said: “This funding event is a huge milestone for Digital Shadows so we can expand our lead to offer the best digital risk management service in the industry.

“We are excited to have the support of the likes of Octopus, World Innovation Lab and Industry Ventures as we embark on the latest phase of our development and continue to expand our geographic coverage and SearchLight service to help our customers manage their digital risk to protect their business, brand and reputation.”

Will Gibbs, an investment manager at Octopus Ventures, added: “Digital Shadows is a world-leader in digital risk management, and continues to innovate across all verticals and geographies in a highly competitive space.

“We are seeing growing demand for this service across our portfolio of technology companies, and we think Digital Shadows are best-placed to meet this considerable opportunity.”