As cyber threats increasingly target high-profile individuals, personal cybersecurity and cyber insurance are on the rise, providing protection against risks like cyber extortion, identity theft, and data breaches. With more attacks directed at corporate executives, high-net-worth individuals, and family offices, companies like BlackCloak are expanding their services to meet the growing demand for personal cybersecurity solutions.
BlackCloak recently raised $17 million in a Series B funding round to strengthen its cybersecurity platform. Led by Baird Capital and supported by Blue Heron Capital, TDF Ventures, TechOperators, and DataTribe, the funding brings the company’s total equity financing to over $30 million.
BlackCloak plans to use the new capital to develop new products and expand its Digital Executive Protection Platform, which offers protection against targeted cyber threats, such as extortion, doxxing, and social engineering. CEO Chris Pierson highlighted that the company is focusing on scaling its services to meet the unique needs of clients who face sophisticated digital risks.
“Easier to Penetrate”
Mark Donnelly, Partner at Baird Capital, emphasized that BlackCloak addresses a significant gap in the market for personal cybersecurity, noting the company’s use of a combination of guidance, concierge support, and automation to protect high-profile clients. Gordon Crenshaw, Partner at Blue Heron Capital, added that the investment is aimed at supporting BlackCloak’s growth in safeguarding individuals and families increasingly targeted by cybercriminals.
“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, ” said Mark Donnelly, Partner at Baird Capital.
BlackCloak’s platform is used by Fortune 50 companies, financial institutions, public officials, and entertainment industry leaders, helping them navigate a range of digital threats. The company aims to further expand its market presence by developing new technologies and enhancing its services to keep pace with the rising demand for personal cybersecurity.
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