Digital Shadows has announced that it has raised $26m in a Series C funding round to expand the capabilities of its market leading SearchLight digital risk management service and fuel global expansion. Led by Octopus Ventures, with participation from World Innovation Lab, Industry Ventures and all of Digital Shadows’ existing investors, the funding will support company growth and support its continued commitment to protecting organizations with the best and most comprehensive digital risk management solution in the industry.
‘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,’ said Alastair Paterson, CEO and co-Founder of Digital Shadows. ‘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.’
“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,”said Will Gibbs, Investment Manager at Octopus Ventures.