Digital Shadows, a London, UK-based cyber intelligence startup, secured US$8m in funding.
The round was led by Storm Ventures, with participation from Passion Capital, TenEleven Ventures and Tim Belcher.
The company intends to use the funds to extend its operations in the US with its first overseas offices (in San Francisco and New York City) and grow sales and marketing operations both in the US and UK.
Established in 2011 and led by Alastair Paterson, CEO, Digital Shadows provides multinational companies with a suite of managed services to protect themselves from a range of threats. By monitoring 80 million sources across 26 different languages, the company’s services enable the detection of a range of possible threats to organisations and individuals including leaked or compromised company data, stolen intellectual property and the identification of potentially hostile cyber-criminal groups.
Digital Shadows is working with the Bank of England on its CBEST programme to deliver intelligence-led security tests to keep the UK banking sector safe from attack.