# Digital Shadows

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digital-shadows

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: www.digitalshadows.com
- Total disclosed funding: $58M
- Latest round: Series C (Jun 28, 2019)
- Investors on record: 9

## About

Digital Shadows, Inc. is a cybersecurity firm that specializes in providing digital risk protection solutions through its flagship platform, GreyMatter, which helps organizations identify and mitigate potential digital threats.Founded in 2011, Digital Shadows, Inc. is headquartered in San Francisco, US, and focuses on digital risk protection. The company was acquired by ReliaQuest, LLC in June 2022 for USD 160 mn, enhancing its capabilities in threat detection and response. The company was co-founded by Alastair Paterson, who has a background in cybersecurity ventures.Digital Shadows, Inc. offers comprehensive digital risk protection solutions via its GreyMatter platform. This platform aids in identifying and mitigating digital risks tailored to the client's specific requirements, featuring functionalities like threat detection, investigation, response, and threat intelligence. Its services cater to clients across various industries such as finance, healthcare, and technology in North America, Europe, and parts of Asia-Pacific.Digital Shadows, Inc. employs a subscription-based revenue model, granting clients access to its GreyMatter platform through various pricing tiers that meet distinct security needs. This model fosters ongoing access to advanced threat detection and response capabilities, supported by consulting services to enhance security operations. Contracts are typically annual or multi-year, incorporating additional services such as automated response playbooks and continuous threat intelligence updates.Following its acquisition by ReliaQuest, LLC in June 2022, Digital Shadows, Inc. aims to leverage its new resources to enhance threat detection and response capabilities. The acquisition is set to empower security teams with improved internal and external visibility to identify threats. The company is expected to focus on expanding its product offerings and entering new markets in North America and Europe over the next few years.

## Funding rounds

- Series C, Jun 28, 2019, $10M — Storm Ventures, Passion Capital, NAB Ventures, Octopus Investments
- Series C, Sep 20, 2017, $26M — Industry Ventures, World Innovation Lab, Octopus Investments
- Series B, Feb 9, 2016, $14M — Paladin Capital Group, Storm Ventures, Trinity Ventures, Passion Capital, Ten Eleven
- Series A, Feb 11, 2015, $8M — Storm Ventures, Passion Capital, Ten Eleven
- Seed, Sep 20, 2013 — Passion Capital

## Investors

- Passion Capital — Seed, Series A, Series B, Series C
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series A, Series B, Series C
- Ten Eleven — Series A, Series B
- Paladin Capital Group (https://capitalatlas.ai/funds/paladin-capital-group) — Series B
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series C
- World Innovation Lab — Series C
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series C
- NAB Ventures (https://capitalatlas.ai/funds/nab-ventures) — Series C