BlackCloak raises $17 million
BlackCloak, a cybersecurity company for executives, high-net worth individuals, and family offices, announced a $17 million Series B funding round led by Baird Capital, with participation from Blue Heron Capital, TDF Ventures and TechOperators.
Founded in 2017, the Orlando-based company has developed a security service that includes features such as scouring the dark web for information related to a client, an online platform to protect clients’ devices, a “privacy hardening” feature that limits the kinds of data their devices are generating, and a scrubbing service which removes personal information from data broker sites. The company offers a range of plans and it has a partnership with HSB.
“Over the past decade, nation-states and cybercriminals have shifted their attention from the well defended walls of corporate environments and investment banks to softer targets that are easier to penetrate. This means that high-net-worth and high-profile individuals, family offices, and corporate executives are increasingly falling prey to bad actors. There has never before been a platform that solves these problems for this clientele – oftentimes pushing the problem back on the individual or their advisor network. BlackCloak’s use of industry-leading guidance, concierge support, and automation to deliver cutting-edge Digital Executive Protection is the differentiator that we look for as a firm. We are thrilled to partner with the pioneers in the space to accelerate the expansion of BlackCloak and its services.” – Mark Donnelly, Partner at Baird Capital.
“As our clients and their peers contend with stale and inadequate consumer solutions to the problems they uniquely face, leveraging a technology platform, purpose built for this market is more important than ever. With the support of Baird Capital, Blue Heron Capital, TDF Ventures, TechOperators, and DataTribe, BlackCloak is continuing to scale our Digital Executive Protection Platform and to pioneer new advances in the field ensuring our clients receive the highest degree of protection available in the market. The home is the new battleground for cyber and BlackCloak is there to meet the challenge.” – Dr. Chris Pierson, Founder and CEO of BlackCloak.
