Baird Capital Invests in BlackCloak
Today, Baird Capital’s Venture team announced it led a $17 million Series B funding round in BlackCloak, a digital protection platform that provides holistic cybersecurity and privacy protection for high-profile individuals, executives and their families from threats outside the office and in their personal lives.
BlackCloak will use this funding to prioritize technology investments in cutting edge, platform expanding, products and intelligence as the company continues its mission to protect the personal digital lives of highly targeted individuals. The company is led by Dr. Chris Pierson, CEO & Founder, who served for over a decade on the Department of Homeland Security’s Privacy Committee and Cyber Security Subcommittee.
BlackCloak’s industry-defining approach to Digital Executive Protection continues to set the standard for the personal cybersecurity industry. The company's bespoke solution addresses the shortcomings of outdated, consumer-grade options by delivering an enterprise-grade platform that provides the most robust personal protection available for high-profile individuals at risk of sophisticated attacks.
Over the past decade, nation-states and cybercriminals have shifted their attention from the well defended walls of corporate environments and investment banks to softer targets that are easier to penetrate. This means that high-net-worth and high-profile individuals, family offices, and corporate executives are increasingly falling prey to bad actors. There has never before been a platform that solves these problems for this clientele - oftentimes pushing the problem back on the individual or their advisor network.
Mark Donnelly, Partner at Baird Capital
He added: “BlackCloak’s use of industry-leading guidance, concierge support, and automation to deliver cutting-edge Digital Executive Protection is a differentiator that we look for as a firm. We are thrilled to partner with the pioneers in the space to accelerate the expansion of BlackCloak and its services.”
BlackCloak’s technology and approach have been recognized by some of the most prominent publishers, analyst firms, and media companies across the globe. In August, BlackCloak was named a 2024 Top InfoSec Innovator Awards finalist by Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine. In 2023, Luxury Lifestyle Awards named BlackCloak the “Best Luxury Concierge Cybersecurity.”
Donnelly has joined BlackCloak’s board of directors as part of the investment.