Terbium Labs, a Baltimore, MD-based dark web intelligence company, raised $6m in financing.
The round, which brought total funding raised by the company to $15m, was led by Glasswing Ventures. In conjunction with the funding, Rick Grinnell, Founder and Managing Partner at Glasswing Ventures, will join Terbium Labs’ board of directors.
The company intends to use the funds to extend its geographical presence, accelerate channel relationships with MSSP partners, and continue to innovate on Matchlight, its private dark web data monitoring system.
Led by Danny Rogers, Co-Founder and CEO, Terbium Labs uses machine learning and AI algorithms to model the dark web, find new sites, and predict where new illegal or risk content, such as stolen proprietary data, is likely to appear.
Matchlight gives users the ability to continuously monitor the dark web for their lost or stolen data, alerting when and where fingerprints of their actual data appear online. The patented data fingerprinting technology creates a one-way digital signature of any type of data, enabling organizations to automatically search for their sensitive information without revealing it to anyone – not even Terbium.
The system works regardless of the type of breach and is complementary to an organization’s existing information security systems.
Nearly 7,000 users have deployed Matchlight to monitor employee personal information, customer information, sensitive intellectual property, and even source code.