Tampa cybersecurity firm lands $180M investment

Deepwatch, a cybersecurity company that specializes in advanced managed detection and response services, has secured $180 million in equity investments and strategic financing from Springcoast Capital Partners, Splunk Ventures and Vista Credit Partners, a subsidiary of Vista Equity Partners.

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According to a news release, the funds will help Tampa-based Deepwatch, which also has an office in Denver, accelerate innovation and product development so it can better compete in the managed security services industry. The firm’s cloud-based, always-on managed detection and response platform, which includes a threat analytics app, helps clients speed up the detection and containment of cyber-attacks.