deepwatch, a Saint Petersburg, FL and Denver, CO-based provider of intelligence-driven managed security services, closed a $23m Series A funding.
The round was led by ABS Capital Partners.
The company intends to use the funds to accelerate research and development for its machine learning security analytics platform, as well as go-to-market expansion. As a result of the transaction, Michael Avon, a venture partner with ABS Capital, will join the deepwatch board of directors.
Founded in 2015 by CTO Justin Morehouse and led by CEO Charlie Thomas, deepwatch is a provider of an intelligence-driven cloud-based SecOps platform and managed security services which extend cybersecurity teams at leading global organizations and proactively advance their SecOps maturity.
The company’s system continuously evaluates, integrates, and tunes technologies into it to ensure the ability to support customers’ requirements, and ensures customers are assigned named resources across all roles and shifts to ensure they maintain context. Customers view deepwatch’s personnel as an extension of their cybersecurity teams, rather than a third-party service provider.
Its maturity models index customers’ cybersecurity program maturity, benchmark against industry peers and provide detailed maturity roadmaps.
With hosting options in over 30 worldwide locations, data is stored in-country, meeting data sovereignty requirements, including GDPR and BDSG, while providing centralized views and reporting for global audiences.
The company’s services has already been adopted by Fortune 500, Global 2000, and mid-sized enterprises.