BALTIMORE – September 24, 2020 – Terbium Labs, the leading Digital Risk Protection company, today announced additional financing led by existing investors, Glasswing Ventures, Gamma 3, and .406 Ventures. Terbium will use the new funding to support growth of its Matchlight SaaS Platform, the world’s most comprehensive and only fully private Digital Risk Protection (DRP) solution. The company is continuing to build out its MSSP and channel partner ecosystems and expand its sales and marketing efforts to meet demand nationwide.
Terbium’s award-winning Matchlight solution offers comprehensive digital risk protection, providing organizations with actionable intelligence to combat phishing attacks, data and credential leakage, VIP & executive impersonations, cybersquatting, dark web fraud, and account takeover, while decreasing the mean-time to remediation with curated, human-triaged alerts and takedown services – all within a single dashboard. The service covers an organization’s entire digital footprint across the open, deep, and dark web, as well as mobile apps and social media, enabling companies to securely monitor for their public, branded data as well as private, unbranded assets without revealing it to anyone – not even Terbium. The automated and human overlay approach to digital risk protection helps companies easily mitigate the damage, loss, and risk caused by data exposure.
“Understanding and reducing the risk of attacks caused by exposed data remains a critical issue, affecting companies of all sizes,” said Rick Grinnell, Founder and Managing Partner, Glasswing Ventures. “Now more than ever, companies are faced with an ongoing challenge of budgetary and resource constraint, while trying to keep their brand, employees — including those working remotely, returning to the office or working in a hybrid fashion — and their customers safe from the evolving external threat landscape that has been further accelerated during the COVID-19 pandemic. Terbium’s platform helps to address that by using a unique combination of their patented digital fingerprinting technology with a state-of-the art dashboard powered by data science and machine learning to enable affordable and secure data monitoring with actionable intelligence.”
“We’re seeing an obvious need from the industry for comprehensive and affordable Digital Risk Protection to help companies combat external threats. Since we’ve entered the DRP market last year, we’ve experienced substantial growth in our customer base, nearly tripling contracted monthly recurring revenue (MRR) over the last 12 months. Our goal is to make DRP simple, secure, and really take the burden off of our customers, which is why we built a solution that can legally access data, scale with any company size, and is easy-to-use from setup to tactical remediation steps,” said Patrick Clawson, CEO of Terbium Labs. “With the additional capital from our existing investors and their guidance and expertise in the security and AI space, we will continue to build on and expand our footprint as well as help ensure that companies of all sizes have access to secure digital risk protection.”
About Terbium Labs
Matchlight, the company’s comprehensive digital risk protection (DRP) platform features continuous digital asset monitoring, robust analytics, and actionable intelligence, to quickly identify and minimize the impact of exposed data across the Internet – whether it’s the open, deep, or dark web. Featuring its patented digital fingerprinting technology that ensures private data stays private, unique fusion of data science and machine learning, and dedicated analysts, Terbium Labs provides pinpoint accuracy for early detection and remediation of data exposure, theft, or misuse across the digital landscape. Learn more about Terbium Labs’ unique approach to DRP by visiting terbiumlabs.com or on Twitter @TerbiumLabs.