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

Deepwatch Overview

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

United StatesTampa, FL

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

Deepwatch valuation by funding round
DateStageValuation
Oct 2020Series B$253M
Apr 2019Series 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

Deepwatch funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2023Series CPario 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 2020Series BGoldman Sachs (lead); ABS Capital Partners$53M$253MDeepwatch 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 2019Series AABS Capital Partners (lead)$23M$58MDeepwatch 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

Investors in Deepwatch by funding rounds participated
InvestorHQRoundsRoleFirst check
ABS Capital PartnersUnited StatesBaltimore, MD2LeadApr 2019
Pario VenturesUnited KingdomLondon1ParticipantFeb 2023
Goldman SachsUnited StatesNew York City, NY1LeadOct 2020
Springcoast Capital PartnersUnited StatesNew York City, NY1ParticipantFeb 2023

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Acquisitions 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

Dassana
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 CountryUnited States
HQ City
San Jose, CA
Deal Date18 Feb 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Deepwatch Competitors

Deepwatch competitors include listed companies like Cy4gate and NCC Group, and private ones like Corma, IONIX, AU10TIX and Silent Circle.

Public and private companies comparable to Deepwatch
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CormaIsraelTel AvivPrivate--$250M-
IONIXIsraelTel AvivPrivate--$250M-
AU10TIXNetherlandsAmsterdamPrivate--$260M-
Silent CircleUnited StatesBaltimore, MDPrivate--$262M-
Cy4gateItalyItalyPublicly listed$109M$19M$271M2.1x
NCC GroupUnited KingdomUnited KingdomPublicly listed$321M$11M$279M1.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cy4gate$109M$19M2.6x2.1x14.9x10.4x
NCC Group$321M$11M1.1x1.0x32.5x8.4x
Mia Teknoloji$57M$3M5.5x-95.8x-
Arqit Quantum$530K($38M)505.3x505.3x(7.0x)(6.9x)
Telos$165M($25M)1.6x1.5x(10.6x)11.1x
WALLIX$47M$5M3.8x3.3x34.7x43.2x
Micro Systemation$47M$8M3.6x3.1x20.3x14.8x
Acer Cyber Security$76M$45M1.7x1.5x2.9x4.9x

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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.

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