360 Privacy Secures $36M Investment to Strengthen Digital Executive Protection Solutions
360 Privacy, a leading digital executive protection platform, has recently secured a remarkable $36 million in growth equity investment, marking a significant boost for its strategic expansion initiatives. This funding, led by FTV Capital, renowned for its expertise in enterprise technology investments, is set to enhance 360 Privacy’s engineering and revenue teams while accelerating technological advancements and product innovation.
Investment Focus and Strategic Expansion
The newly acquired funds will primarily be utilized to:
- Expand the engineering department
- Enhance the revenue generation teams
- Accelerate product innovation and technological advancements
This strategic investment is expected to strengthen the company’s ability to provide exceptional customer service and enhance security measures for organizations and their executives. 360 Privacy operates at the crucial intersection of cybersecurity and executive safety, offering a unique platform that actively scans the internet and dark web to identify and remove personally identifiable information (PII) in real-time.
Unique Features of 360 Privacy’s Platform
Some standout features of the 360 Privacy platform include:
- Real-time Monitoring: Immediate identification and removal of PII.
- Faster Onboarding: Daily scans begin at enrollment, quicker than industry-standard tools.
- Diverse Clientele: Serves Fortune 500 companies, high-net-worth individuals, athletes, and entertainers, with one-third of the Fortune 100 currently utilizing its services.
According to Adam Jackson, founder and CEO of 360 Privacy, “Digital breadcrumbs can be easily traced using basic internet and dark web monitoring tools, so real-time discovery, containment, and damage prevention are the only effective solutions to protect against identity theft, reputation damage, and physical safety risks.” He expressed excitement about enhancing their enterprise-grade technology with the support of FTV Capital, a firm that understands the complexities of today’s cybersecurity challenges.
Market Potential and Cybersecurity Trends
Alex Malvone, a partner at FTV Capital, highlighted the untapped potential within the digital protection market. He noted, “While awareness of cyber risks is increasing, only a small number of enterprises and high-net-worth individuals currently receive digital protection services. This presents a significant and growing opportunity to meet this critical security need.”
Recent reports indicate that the average cost of a data breach has surged to $4.88 million, with nearly half of these breaches involving critical personal information. This underscores the escalating cyber threats that are outpacing traditional security measures, particularly those targeted at high-profile individuals and corporate executives. For more information on cybersecurity trends, visit CSO Online.
As 360 Privacy continues to expand its capabilities and services, it remains committed to delivering top-tier security solutions that effectively address the evolving landscape of digital threats.
For further insights into the importance of digital executive protection, explore our articles on cybersecurity tips and executive safety measures.
