Cyber startup Deepwatch raises new $180 million round.

Link copied

19:00 | 16 February 2023

Cyber startup Deepwatch raises new $180 million round.

Managed detection and response (MDR) company Deepwatch has closed a $180 million round of “equity and strategic funding” for product development and expanded partnerships.

The company declined to offer a breakdown of the round into equity and debt/loan investments.

The funding came from several investors, including Vista Credit Partners, “Vista Equity Partners’ credit-investment strategy that offers flexible, customized debt and structured equity financing,” according to the company’s Web site.

Other investors include Springcoast Capital Partners and Splunk Ventures.

Deepwatch’s MDR helps protect customers from a growing number of cyber threats. MDR platforms help research alerts and determine if a threat actually exists. Such platforms use a combination of data analytics, machine learning and human intelligence.

“Our services have never been more vital,” CEO Charlie Thomas said in the release. “The transition of businesses to the cloud and digital technology, combined with increasing levels of cyber risk, is driving strong demand for advanced protection from Deepwatch.”

Deepwatch was among the cyber startups that have made major funding rounds this year.

On Tuesday, SandboxAQ, a subsidiary of Alphabet, raised a $500 million round, and in early January, Netskope, based in Santa Clara, California, received a $401 million convertible note investment led by Morgan Stanley Tactical Value.

Overall, cybersecurity investments have been relatively stable this year. In the first six weeks of the new year, cyber startups received a total of about $1.7 billion. While this figure is lower than the same period last year, when startups received more than $4 billion, it is ahead of the numbers for 2021 and 2020.

Interest in cybersecurity is not waning, as threats continue to grow and companies are increasingly looking at how they protect data.

Uncategorized

19:11 | Apr 05, 2024

Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche

Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by […]

Uncategorized

16:21 | Mar 04, 2024

Bitcoin Tops $65K as Bullish Bets Climb to Record High

The largest cryptocurrency is now just 5% away from its 2021 high in U.S. dollar terms, having already reached records […]

Hereby "Global Venture Partners s.r.o." notifies that it carries out its activities in accordance with paragraph 1 of article 15, the law on investment companies and investment funds of 19.06.2019. Listed in the ZISIF § 15 para. 1 asset management list managed by the CNB in accordance with § 596 (1) CRR. (F) ZISIF.

IČO: 08241473. LEI: 5493003MKEWYLZ837883...
This information on the site is not an individual investment recommendation, and the financial instruments or transactions mentioned in this material may not correspond to your investment profile, financial situation, investment experience, investment goals. Determining the compliance of a financial instrument or transaction with investment objectives, investment horizon and risk tolerance is the task of the investor
Venture fund Global Venture Partners s.r.o. is not responsible for possible losses of the investor in case of investing in the financial instruments mentioned in this material and does not recommend using the specified information as the only source of information when making an investment decision.
* The Venture Fund does not provide guarantees regarding the reliability and accuracy of the information provided, none of the assumptions contained in this material can be interpreted as a guarantee of investment reliability, income stability and possible benefits associated with management methods or the choice of specific financial instruments. The value of investment products may increase and decrease, the results of investing in the past do not determine future income, the company does not guarantee the profitability of investments in investment funds. All information about the profitability (value gain) of the product managed by Global Venture Partners s.r.o. are quoted excluding commissions and taxes. Charging a commission will reduce the return on investment in investment products. Before purchasing an investment product, you should carefully read the rules of trust management for this product. Services for transactions with foreign securities are available to persons who are qualified investors in accordance with applicable law and are performed in accordance with the restrictions established by applicable law.

Show

Hide