Home Startups Cybersecurity firm Deepwatch secures $23 million investment

Cybersecurity firm Deepwatch secures $23 million investment

Startup Investment

Security services provider Deepwatch recently raised $23 million in a Series A funding round led by ABS Capital Partners.  The U.S.-based startup stated the new investment will be utilized to accelerate research and development for its machine learning security analytics platform and market expansion. Deepwatch offers intelligence-driven managed security services to enterprises with advanced cybersecurity team and SecOps platform.

Founded in 2015, Deepwatch delivers the differentiated security services to cybersecurity leaders, including exclusive maturity models, cloud SecOps platform, data-centric deployment models, named delivery squads, real-time collaboration, and portability and access.

Deepwatch claims that its cloud-based SecOps platform continuously evaluates, integrates, and tunes leading technologies into its platform to ensure the ability to support business requirements.  As per the investment deal, Michael Avon, a venture partner with ABS Capital, will be joining the Deepwatch board of directors.

Commenting on the new investment round, Deepwatch Founder and CTO Justin Morehouse, said, “When starting vSOC, our goal was to disrupt the managed security services industry. We succeeded through our relentless focus on customers, as well as providing a flexible, transparent, and carefully curated platform. Our vision is to redefine the industry, realizing the promises of data analytics and machine learning for our customers.”

“Cybersecurity leaders immediately recognize Deepwatch’s truly revolutionary approach to managed security services. Cybersecurity teams are overwhelmed, and Deepwatch is the answer as demonstrated by our 3,631% growth rate over the last 3 years, which places us among the Top 100 fastest growing companies,” added Deepwatch CEO, Charlie Thomas.