# deepwatch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepwatch

- Industry: Software
- Headquarters: Tampa, US
- Website: www.deepwatch.com
- Total disclosed funding: $256M
- Latest round: Series C (Feb 15, 2023)
- Investors on record: 5

## About

Deepwatch, Inc., based in the US, operates as a cybersecurity firm specializing in managed security services that combines artificial intelligence with expert human oversight for proactive threat management.Founded in 2019 and headquartered in Tampa, US, deepwatch, Inc. focuses on delivering managed security solutions. The company has successfully completed three deals, with its most recent funding round, Series C, raising USD 180.00 mn on February 15, 2023. The funding involved new investors such as Splunk Ventures, Springcoast Partners, and Vista Equity Partners, alongside returning investor ABS Capital Partners. Mark Chung is the founder of deepwatch, bringing experience from previous ventures to the company, while Charlie Thomas serves as CEO.Deepwatch specializes in a comprehensive managed security platform that integrates artificial intelligence with human expertise to provide continuous threat monitoring and rapid incident response. The core offerings include Managed Detection and Response (MDR), Managed Endpoint Detection and Response (MEDR), Vulnerability Management, and Managed Firewall services. These services enhance cybersecurity posture by identifying and mitigating potential threats in real-time, ultimately aiming to reduce the risk of security breaches for organizations. The target clientele consists of enterprises across various sectors, including healthcare, finance, and manufacturing, who require robust security measures to protect sensitive information. Deepwatch’s solutions are marketed primarily within North America and Europe, addressing the growing demand for advanced cybersecurity measures in these regions.Deepwatch generates revenue through subscription-based models wherein clients pay for ongoing access to its suite of security services. This transactional structure typically involves annual contracts, providing clients with predictable costs while ensuring continuous protection against emerging threats. Deepwatch’s flagship offerings, such as its AI-driven threat detection tools and vulnerability management services, are integral to its revenue model, catering primarily to business-to-business (B2B) interactions. The company establishes long-term partnerships with its clients, emphasizing a collaborative approach to cybersecurity that enhances the overall efficacy of their security operations. By offering tailored services based on specific client needs and risk profiles, Deepwatch reinforces its value proposition in the competitive managed security services market.In February 2023, deepwatch, Inc. raised USD 180.00 mn in venture funding to accelerate platform innovation and product development while expanding its partner ecosystem. The company plans to launch new products designed to enhance its security offerings and is targeting expansion into new markets across North America and Europe to meet growing demand by the end of 2024.

## Funding rounds

- Series C, Feb 15, 2023, $180M — ABS Capital Partners, Vista Equity Partners, Splunk Ventures, Springcoast Partners
- Series B, Oct 7, 2020, $53M — ABS Capital Partners, Goldman Sachs Asset Management
- Series A, Mar 20, 2019, $23M — ABS Capital Partners

## Investors

- ABS Capital Partners (https://capitalatlas.ai/funds/abs-capital-partners) — Series A, Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- Vista Equity Partners (https://capitalatlas.ai/funds/vista-equity-partners) — Series C
- Splunk Ventures (https://capitalatlas.ai/funds/splunk-ventures) — Series C
- Springcoast Partners (https://capitalatlas.ai/funds/springcoast-partners) — Series C