Terbium Labs closes $6m led by Glasswing Ventures

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fintech insurtech wealthtech regtech ai cybertech esg news

Dark web intelligence company Terbium Labs has closed a $6m equity round led by Glasswing Ventures.

US-based Terbium Labs utilises AI algorithms and machine learning to monitor the dark web, find new sires and predict illegal or risk content The Matchlight solution helps clients to gain threat intelligence and clarify whether information is real or fake.

Launched in 2016 the solution has been implemented by almost 7,000 users to monitor personal information, customer information, sensitive intellectual property, and source code. The technology is implemented by businesses in financial services, healthcare, retail, education, manufacturing, government, and technology.

For financial services the platform can help to protect customer data for credit cards, account information, and login credentials.

The capital from this round will be used to extend the companies international presence, boost channel relationships with MSSP partners and further it technology innovation.

As part of the deal, Glasswing Ventures founder and managing partner Rick Grinnell will join the company’s board of directors. Over the years Grinnell has invested into EqualLogic (acquired by Dell), Prelert (acquired by Elastic), and Resilient Systems (acquired by IBM).

Terbium Labs co-founder and CEO Danny Rogers said, “As the dark web expands, automation is key to keeping up where human analysts cannot. Matchlight computes billions of data fingerprints every day and alerts customers within minutes when elements of their data appear somewhere they shouldn’t.  It shifts the balance of power from the adversary to the enterprise by providing the tools to rapidly identify fraud and data theft privately and affordably.”

Following this investment, it brings the total capital raised by Terbium Labs to $15m, with the company bagging $6.4m last year.

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