Security News > 2020 > October > Goldman Sachs Leads $53 Million Investment in MSSP deepwatch
Deepwatch, a Washington, DC-based managed security services provider, announced on Monday that it has closed a $53 million Series B investment round led by Goldman Sachs.
Founded in 2015, deepwatch currently has more than 200 employees and serves a client base ranging from small businesses to Fortune 500 and Global 2000 companies.
"The demand for managed security services is expected to grow as staffing and skill shortages, an ever-evolving threat landscape, and an increasing compliance burden lead companies of all sizes to offload their security needs to specialist providers like deepwatch," said Morgan Gerlak of Goldman Sachs Growth.
As part of the investment, Holger Staude, a Managing Director of Goldman Sachs Growth, will join the deepwatch Board.
ABS Capital Partners, an existing investor in deepwatch, joined Goldman in the funding round.