BlackCloak, a leader in Digital Executive Protection, announced it has successfully completed a $17m Series B funding round.
The investment was led by Baird Capital, with significant contributions from Blue Heron Capital and continued support from existing investors, including TDF Ventures and TechOperators.
The company specializes in personal cybersecurity solutions tailored for executives, senior leaders, high-net-worth individuals, and family offices. BlackCloak’s innovative platform is designed to safeguard these individuals from sophisticated cyber threats that typically bypass traditional consumer-grade security solutions.
The new funding will be directed towards enhancing BlackCloak’s technology offerings. This includes the development of cutting-edge products and expanding the capabilities of its platform to meet the growing demand for robust personal cybersecurity solutions.
BlackCloak plans to use this capital infusion to continue its pioneering work in the personal cybersecurity space. The company aims to address the unique challenges faced by its clientele, providing them with the highest level of protection against an increasingly diverse array of cyber threats.
In addition to its core offerings, BlackCloak is recognized as the trusted cybersecurity provider for Fortune 50 companies, top financial institutions, prominent public officials, and leading entertainment industry talent management firms. The company’s bespoke solutions are crafted to shield clients from a wide range of security threats, including deepfakes, advanced social engineering attacks, cyber-extortion, doxxing, and even physical threats.
Mark Donnelly, Partner at Baird Capital, highlighted the uniqueness of BlackCloak’s offerings, “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.”
Dr. Chris Pierson, Founder and CEO of BlackCloak, also commented on the impact of the investment, “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.”
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