- Companies
- Deepwatch
Deepwatch Valuation, Funding & Investors
Deepwatch is valued at $253M as of October 2020.
Last Deepwatch valuation
$253M
Series B · Oct 2020
Last Deepwatch funding round
$180M
Series C · Feb 2023
Cumulative funding Deepwatch raised
$256M
across 3 funding rounds
Key investors in Deepwatch
ABS Capital Partners
Goldman Sachs
Pario Ventures
Splunk Ventures
Vista Credit Partners
Springcoast Capital Partners
About Deepwatch
Deepwatch is a cybersecurity firm delivering managed detection and response services through its cloud security platform. The solution extends enterprise security operations centers with 24/7 monitoring for Global 2000 clients. Recognized as a CISO Choice Awards MSSP winner in 2021, Great Place to Work certified in 2021 and 2022, and a Splunk top partner, Deepwatch maintains partnerships with Goldman Sachs, Vista Equity Partners, and ABS Capital while serving hundreds of organizations.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$253M (Oct 2020)
Deepwatch Valuation
Deepwatch is currently valued at $253M, based on its Series B in October 2020.
The $53M round was led by Goldman Sachs, with participation from ABS Capital Partners.
Deepwatch's valuation has grown 4.4x from $58M at its Series A in April 2019 to $253M in October 2020, across 2 priced rounds.
Deepwatch valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2020 | Series B | $253M |
| Apr 2019 | Series A | $58M |
Deepwatch Funding History
Deepwatch has raised a total of $256M across 3 funding rounds.
Deepwatch's first fundraising round was a $23M Series A in April 2019. The most recent completed round was a $180M Series C in February 2023.
Deepwatch funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2023 | Series C | Pario Ventures; Springcoast Capital Partners; Vista Credit Partners; Splunk Ventures | $180M | - | Deepwatch, a Tampa-based leader in advanced managed detection and response (MDR) security founded in 2019, announced on February 15, 2023, a total of $180 million in equity investments and strategic financing from Springcoast Capital Partners, Splunk Ventures, and Vista Credit Partners, a subsidiary of Vista Equity Partners. The funding brings the company's total capital raised to $256 million, including prior rounds from investors like ABS Capital Partners and Goldman Sachs. The capital aims to accelerate platform innovation, product development, and partner ecosystem expansion to meet growing demand for managed security services amid rising cyber threats and cloud/digital transformations. Deepwatch's always-on cybersecurity platform, backed by expert teams acting as an extension of customer security operations, unifies protection across enterprises, analyzing billions of events monthly. The company reported 100% year-over-year sales growth in 2022 from an undisclosed base, with over two-thirds of customers expanding services. Notable clients include Genuine Parts Co., Premise Health, Opportunity Hub, and Dover Corp. Recent advancements include Threat Analytics App 2.0 with Threat Probability Value ML software and managed extended detection and response (MXDR) for endpoints and identity. The round underscores Deepwatch's momentum in the MDR market, with CEO Charlie Thomas emphasizing the vital need for advanced protection. Springcoast's Managing Partner Holger Staude, joining the board, highlighted Deepwatch's innovation as a market leader in enterprise MDR. The company earned recognition as a 2022 Forbes America's Best Startup Employer and Great Place to Work certification. Deepwatch projects profitability in late 2024, supported by 50-60% annual growth rates, careful hiring, and cost optimizations, while standardizing on Splunk's SIEM for Fortune 2000 clients. |
| Oct 2020 | Series B | Goldman Sachs (lead); ABS Capital Partners | $53M | $253M | Deepwatch is a cybersecurity firm specializing in intelligence-driven managed security services, offering a highly automated cloud-based SOC platform that extends corporate security teams, improves cybersecurity posture via a proprietary maturity model, and protects networks 24/7. The company operates security operations centers in locations including St. Petersburg, Falls Church, and Denver, serving enterprises and Fortune 500 clients with advanced detection, cloud security, and managed detection and response (MDR) capabilities. Deepwatch had previously raised $23 million in Series A funding in April 2019 at a $69 million valuation, led by ABS Capital Partners. On October 12, 2020, Deepwatch closed a $53 million Series B growth round led by Goldman Sachs, with participation from existing investor ABS Capital Partners. Holger Staude from Goldman Sachs Growth joined the board as part of the deal. The funding was earmarked to accelerate R&D for its cloud security platform, drive go-to-market growth, and expand its partner ecosystem amid rising demand driven by staffing shortages, evolving threats, and compliance needs. CEO Charlie Thomas highlighted the company's remarkable growth, innovative cloud-first platform, advanced algorithms, and customer resonance in modern SOC operations. The 2020 round followed a period of strong expansion, with Deepwatch reporting significant customer, product, partner, and team growth that year, fueled by increased cyber risks leading to new business from existing and prospective clients. Subsequent developments included a $180 million equity and strategic financing round in February 2023 from Springcoast Capital Partners, Splunk Ventures, and Vista Credit Partners, building on backing from ABS Capital and Goldman Sachs to further platform innovation and meet surging demand in cloud and digital transformation environments. |
| Apr 2019 | Series A | ABS Capital Partners (lead) | $23M | $58M | Deepwatch is a leading provider of intelligence-driven managed security services, founded in 2015 as the vSOC business unit within GuidePoint Security. The company has developed an innovative security operations platform that addresses systemic flaws in the managed security service provider (MSSP) industry through a focus on customer service and advanced machine learning security analytics. The platform features exclusive maturity models, data-centric deployment approaches, named delivery squads, and real-time collaboration capabilities. On April 3, 2019, ABS Capital Partners led a $23.35 million Series A funding round that valued Deepwatch at $58.39 million post-money. The company was experiencing significant growth momentum, demonstrating a 3,631 percent growth rate over the three years preceding the funding announcement. Michael Avon from ABS Capital Partners joined Deepwatch's board of directors as a result of the investment. Deepwatch targeted accelerating research and development for its machine learning security analytics platform and expanding its go-to-market efforts following the funding close. The company served Fortune 500, Global 2000, and mid-sized enterprises, with the investment underscoring strong market demand for differentiated managed security solutions amid a global shortage of cybersecurity personnel. |
Who has invested in Deepwatch?
6 investors have backed Deepwatch across its funding rounds, including ABS Capital Partners, Goldman Sachs, Pario Ventures, Splunk Ventures, Vista Credit Partners and Springcoast Capital Partners.
Lead investors include Goldman Sachs and ABS Capital Partners.
Deepwatch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2019 | ||
| 1 | Participant | Feb 2023 | ||
| 1 | Lead | Oct 2020 | ||
| 1 | Participant | Feb 2023 | ||
This data is available for Pro users. Sign up to see all 6 Deepwatch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Deepwatch
Deepwatch has acquired 1 company to date.
Last acquisition by Deepwatch was on February 18th 2025. Deepwatch acquired Dassana for undisclosed valuation.
Latest Acquisitions by Deepwatch
| Description | Dassana is a cybersecurity platform that centralizes telemetry from tools like SIEM and EDR for unified threat detection. Headquartered in San Francisco, the company ingests data from over 100 security vendors to provide real-time visibility into attack surfaces. Dassana enables correlation across endpoints, networks, and cloud environments for faster incident response. Launched in 2022, it serves enterprises breaking down silos in hybrid infrastructures. |
| HQ Country | |
| HQ City | San Jose, CA |
| Deal Date | 18 Feb 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Deepwatch acquisitions and their M&A valuation multiples. Start Free Trial | |
Deepwatch Competitors
Deepwatch competitors include listed companies like Cy4gate and NCC Group, and private ones like Corma, IONIX, AU10TIX and Silent Circle.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $250M | - | ||
| Private | - | - | $250M | - | ||
| Private | - | - | $260M | - | ||
| Private | - | - | $262M | - | ||
| Publicly listed | $109M | $19M | $271M | 2.1x | ||
| Publicly listed | $321M | $11M | $279M | 1.0x |
Deepwatch Public Comps
Deepwatch is still privately-owned, but its public comps include Cy4gate, NCC Group, Mia Teknoloji, Arqit Quantum, Telos, WALLIX, Micro Systemation, Acer Cyber Security, Clavister Holding and WebRAY Tech Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $109M | $19M | 2.6x | 2.1x | 14.9x | 10.4x | |||
| $321M | $11M | 1.1x | 1.0x | 32.5x | 8.4x | |||
| $57M | $3M | 5.5x | - | 95.8x | - | |||
| $530K | ($38M) | 505.3x | 505.3x | (7.0x) | (6.9x) | |||
| $165M | ($25M) | 1.6x | 1.5x | (10.6x) | 11.1x | |||
| $47M | $5M | 3.8x | 3.3x | 34.7x | 43.2x | |||
| $47M | $8M | 3.6x | 3.1x | 20.3x | 14.8x | |||
| $76M | $45M | 1.7x | 1.5x | 2.9x | 4.9x | |||
This data is available for Pro users. Sign up to see all Deepwatch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Deepwatch
| When was Deepwatch founded? | Deepwatch was founded in 2019. |
| Where is Deepwatch headquartered? | Deepwatch is headquartered in Tampa, FL, United States. |
| Is Deepwatch publicly listed? | No, Deepwatch is a private, VC-backed company. |
| What is Deepwatch's valuation? | Deepwatch was last valued at $253M in its Series B in October 2020. |
| How much funding has Deepwatch raised? | Deepwatch has raised $256M across 3 funding rounds. |
| What was Deepwatch's last funding round? | Deepwatch's last funding round was a $180M Series C in February 2023. |
| Who are Deepwatch's investors? | Deepwatch's investors include ABS Capital Partners, Pario Ventures, Goldman Sachs, Springcoast Capital Partners, Vista Credit Partners and Splunk Ventures. |
| Which companies are comparable to Deepwatch? | Companies comparable to Deepwatch include Corma, IONIX, AU10TIX, Silent Circle, Cy4gate and NCC Group. |
| How many companies has Deepwatch acquired? | Deepwatch has acquired 1 company, including Dassana. |
See companies similar to Deepwatch
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




