Fintech

London startup raises $14m as banks get wise to cyber threats

Digital Shadows, which helps banks scour the Internet for intelligence to prevent cyber-attacks, has secured new money from Silicon Valley investors

Digital Shadows was picked by the BoE to develop cybersecurity strategy for important financial firms
Digital Shadows was picked by the BoE to develop cybersecurity strategy for important financial firms Photo: iStockPhoto

A London and San Francisco-headquartered startup that helps banks prevent cyber-attacks has raised new money from Silicon Valley investors, as financial institutions increase their focus on protecting against digital threats.

Cybersecurity firm Digital Shadows has raised $14 million in a funding round led by new investor Trinity Ventures, a Menlo Park, California-based venture capital firm, it said in a statement on February 9. Trinity Ventures general partner Fred Wang is also joining the company's board of directors.

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