BlackCloak, a pioneer in Digital Executive Protection, has raised $17 million in a Series B funding round. The investment, led by Baird Capital with participation from Blue Heron Capital and existing investors, brings the company’s total equity financing to over $30 million.
BlackCloak specializes in protecting corporate executives, high-net-worth individuals, and family offices from cybersecurity threats, privacy breaches, and reputational risks. The company’s platform offers a holistic solution that includes mobile and desktop apps, as well as concierge support.
“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,” 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.”
The fresh capital will be used to accelerate BlackCloak’s growth, with a focus on enhancing its technology platform and developing innovative products to meet growing market demand. The company aims to address the shortcomings of outdated, consumer-grade cybersecurity options by providing an enterprise-grade platform tailored for high-profile individuals at risk of sophisticated attacks.
Already trusted by Fortune 50 companies, major financial institutions, and top talent management firms in the entertainment industry, BlackCloak’s platform protects clients from a wide range of threats, including deepfakes, advanced social engineering attacks, cyber-extortion, and even physical threats.
As cyber risks continue to evolve and target influential individuals, BlackCloak’s latest funding round positions the company to play a crucial role in shaping the future of personal cybersecurity for VIPs and executives.
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