Deepwatch, a Tampa, FL-based managed detection and response (“MDR") security company, announced that it raised $180 million in equity investments and strategic financing.
The investment was from Springcoast Capital Partners, Splunk Ventures and Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic credit and financing partner focused on the enterprise software, data, and technology markets.
The combined capital will enable Deepwatch to accelerate platform innovation and product development while expanding its partner ecosystem to meet the growing demand for managed security services.
The new investment provides the capital and resources for Deepwatch to further advance its platform and meet record customer demand while further establishing its leadership position in managed security.
“Our services have never been more vital,” said Charlie Thomas, CEO, of Deepwatch. “Business transformation to cloud and digital, coupled with increasing levels of cyber risk drives strong demand for advanced protection from Deepwatch. We are excited to partner with Springcoast Capital Partners, Splunk, and Vista Credit Partners to advance our mission to protect the digital economy and defend against the increasing volume and complexity of cyber threats.”
Deepwatch MDR protects businesses from an ever-increasing volume of cyber threats. The company delivers an always-on cybersecurity platform backed by experts who work as an extension of customer teams.
With many leading global brands as customers, Deepwatch is uniquely positioned to deliver advanced, cloud-based cybersecurity solutions that serve the stringent needs of the most demanding enterprise environments.
The company introduced new offerings and advancements to the Deepwatch security operations platform to speed the detection and containment of threats across the enterprise.
Company: Deepwatch, Inc.
Raised: $180.0M
Round: Equity and Strategic Financing
Funding Month: February 2023
Lead Investors: Springcoast Capital Partners, Splunk Ventures, and Vista Credit Partners
Additional Investors:
Company Website: https://www.deepwatch.com/
Software Category: Managed Detection and Response Solutions
About the Company: Founded in 2019, Deepwatch is a managed security services provider that protects organizations from ever-increasing cyber threats 24/7/365. Powered by Deepwatch’s cloud security platform, Deepwatch provides the industry’s fastest, most comprehensive detection and automated response to cyber threats together with tailored guidance from dedicated experts to mitigate risk and measurably improve security posture. The world’s leading companies, from the Fortune 100 to mid-sized enterprises, trust Deepwatch to protect their business.
Source: https://www.businesswire.com/news/home/20230215005293/en/Deepwatch-Announces-180-Million-in-Investments