Giant Oak, an Arlington, VA-based threat protection platform for government and financial services organizations, raised $10m in growth funding.
The round was led by Edison Partners. Tom Vander Schaaff, General Partner, Edison Partners, will join Giant Oak’s board.
The company intends to use the funds to accelerate commercial market expansion and continued product innovation.
Founded in 2012 by CEO Dr. Gary Shiffman, Giant Oak is a data analytics software company that provides a SaaS platform, GOST (Giant Oak Search Technology), that allows its users to search the deep web and perform high-speed, large-scale, entity-specific screenings to discover, vet and continuously monitor security, law enforcement, compliance, fraud and other threats.
GOST customers span government agencies and financial services institutions. U.S. homeland security and anti-money laundering (AML) compliance screening alone represent a $5 billion market opportunity.