BlackCloak has raised $17M in a Series B funding round led by Baird Capital, with contributions from Blue Heron Capital, TDF Ventures, and TechOperators. This funding will be used to enhance BlackCloak's personal cybersecurity platform for corporate executives, high-net-worth individuals, and family offices. The company aims to address the increasing cyber threats faced by these groups by providing industry-leading Digital Executive Protection. The total equity financing for BlackCloak now exceeds $30M.
ORLANDO, Fla., Sept. 17, 2024 /PRNewswire-PRWeb/ -- Led by Baird Capital, investment will accelerate growth as BlackCloak further strengthens its personal cybersecurity platform and drives innovative products to support growing market demand.
BlackCloak, the Pioneer in Digital Executive Protection for executives and senior leaders, high-net-worth individuals, and family offices, today announced the successful close of its $17M Series B funding round. Led by Baird Capital with significant strategic investments from Blue Heron Capital and with continued support from existing investors, including TDF Ventures and TechOperators, BlackCloak will use this funding to prioritize technology investments in cutting edge, platform expanding products and intelligence as the company continues its mission to protect the personal digital lives of highly targeted individuals. The Series B funding round brings BlackCloak's total equity financing to over $30M.
"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," said Mark Donnelly, Partner at Baird Capital. "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."
"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," said Dr. Chris Pierson, Founder and CEO of BlackCloak. "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."
BlackCloak's industry-defining approach to Digital Executive Protection continues to set the standard for the personal cybersecurity industry. The company's bespoke solution addresses the shortcomings of outdated, consumer-grade options by delivering an enterprise-grade platform that provides the most robust personal protection available for high-profile individuals at risk of sophisticated attacks.
"Our investment in BlackCloak highlights our excitement for this platform and the team that is reshaping the way the industry thinks about personal cybersecurity," added Gordon Crenshaw, Partner at Blue Heron Capital. "BlackCloak's mission and dedication to protecting those increasingly targeted individuals and their families inspired us, and we couldn't be more excited to support BlackCloak in this next phase of growth."
BlackCloak has become the trusted solution for Fortune 50 companies, the world's largest financial institutions, prominent public officials, and top talent management firms in the entertainment industry. The platform helps shield clients from an increasingly diverse attack vector - ranging from deepfakes and advanced social engineering attacks to cyber-extortion, doxxing, and even physical threats. BlackCloak's growth has been and will continue to be fueled by exciting innovations in the personal cybersecurity space.
For more information on BlackCloak, visit https://blackcloak.io/.
About BlackCloak
BlackCloak protects corporate executives and high-profile individuals from cybersecurity, privacy, financial, and other reputational risks. Used by Fortune 500 companies across all industries, the BlackCloak Concierge Cybersecurity & Privacy™ Platform is a holistic solution including mobile and desktop apps as well as concierge support. Executives and high-profile individuals get peace of mind knowing their family, reputation, and finances are secured. Companies rest assured that their brand, intellectual property, data, and finances are protected against threats coming through executives without having to invade their personal lives. Learn more at www.blackcloak.io, follow them on LinkedIn and Twitter.
About Baird Capital
Baird Capital manages two investment platforms, Venture Capital and Global Private Equity, and invests in B2B technology and services-focused companies worldwide. Founded in 1989, the group focuses on investing in sub-sectors where it has deep institutional knowledge and leveraging global operating capabilities to support the operational and growth needs of partner companies. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.
About Blue Heron Capital
Based in Richmond, VA, Blue Heron Capital is an early-stage growth equity firm funding big ideas in the enterprise technology and healthcare industries. Using the powerful combination of financial capital and the human capital of its OA Collaborative, Blue Heron helps build businesses that make big impacts. For more information, please visit https://www.blueheroncap.com/.
Media Contact for BlackCloak:
Mike Sias
Media Contact
Mike Sias, BlackCloak, 1 (954) 361-3963, [email protected], www.blackcloak.io
SOURCE BlackCloak
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