Reston – February 22, 2023 – Cooley advised Deepwatch, a leader in advanced managed detection and response security, on its $180 million in equity investments and strategic financing from Springcoast Capital Partners, Splunk Ventures and Vista Credit Partners. Lawyers Mike Lincoln, Matthew Schwee and Edward Sniezek led the Cooley team.
The combined investments will enable Deepwatch to accelerate platform innovation and product development while expanding its partner ecosystem to meet the growing demand for managed security services. The new investors join ABS Capital and Goldman Sachs, which have supported Deepwatch's growth over the past four years.
Deepwatch is a leader in managed security services, protecting organizations from ever-increasing cyber threats 24/7 year-round. Powered by its cloud security platform, Deepwatch provides the industry's fastest, most comprehensive detection and automated response to cyber threats – together with tailored guidance from dedicated experts to mitigate risk and measurably improve security posture.