BlackCloak, which offers a cybersecurity and privacy protection platform, has received a $1.9m investment from cybersecurity startup-focused investor DataTribe.
As part of the deal, DataTribe will provide BlackCloak with various resources and help protect high-profile individuals and their companies.
BlackCloak will use the new equity to enhance its technology and help it expand its presence into more areas.
The cybersecurity startup offers high-net-worth individuals, high-profile persons and corporate executives with tools to lower hacking, financial and reputational risks. Its services are also used by family offices and wealth management organisations.
Its technology assesses the dark web to find exposed passwords and conducts home penetration tests to find weaknesses within a system. The platform also protects systems from malware, data breaches, identity theft and more.
BlackCloak founder and CEO Chris Pierson said, “It’s no secret that cybercriminals increasingly attack the homes and personal lives of executives to exploit, blackmail, and hold hostage corporations and governments. The executive is the easiest pathway past the billions of dollars spent each year on corporate security. We defend this threat vector.
“We also anticipate continued growth protecting high-profile persons and wealthy families and intend to use this investment to deepen our current client relationships, attracting new customers and further product development to continuously address threats posed by cybercriminals in our homes and personal lives.”
As part of the deal, DataTribe chief product officer John Funge will join the BlackCloak board of directors.
Copyright © 2018 RegTech Analyst
