RedOwl Analytics closes $17M Series B - Baltimore


Jul. 13, 2015 12:59 pm

RedOwl Analytics closes $17M Series B

It follows last year's $4.6 million Series A.

Then-Gov. Martin O'Malley, left, tours RedOwl Analytics' Baltimore offices, with cofounder Guy Filippelli.

(Photo by Tyler Waldman)

In a Fortune “exclusive,” RedOwl Analytics founder Guy Filippelli disclosed that the cybersecurity startup recently closed a $17 million Series B round. The company confirmed the news in a release issued early Monday afternoon.

The funding round follows a $4.6 million Series A in the fall for the Federal Hill-based company, which makes software that protects against insider threats called Reveal.

There were clues that another big round was coming.

Back in the spring, the company announced an investment from Blackstone, which found out about the company by using its product as a customer. At the time, the two sides didn’t disclose the investment. In addition to Blackstone, VC firm Allegis Capital led the round. Salesforce founder Marc Benioff, who was also an investor in the Series A, also participated. Under Armour founder Kevin Plank was in on the prior round.

In the Fortune piece, Filippelli tells reporter Robert Hackett that the company’s product, Reveal, became “need-to-have” in the wake of Edward Snowden’s massive leak of NSA documents revealing a warrantless surveillance program.

Over the last year, RedOwl nearly doubled the company’s Baltimore workforce, and opened a London office. With the new investment, more hiring is expected in data science and product development.

Companies: RedOwl Analytics
Already a member? Sign in here


Gov. Hogan creates CISO position for State of Maryland

Congressman: ‘No evidence’ that NSA cyberweapon was used in Baltimore

Protecting passwords: Relatively simple solutions for a big cybersecurity risk



Building a data acquisition system? Don’t make this mistake


14 West

Senior Software Engineer (Java + Apache Spark)

Apply Now
Baltimore, MD


Account Executive (Baltimore)

Apply Now
Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now

NYT: Tool used in cyber attack on City of Baltimore was developed at Maryland-based NSA

Mayor: City of Baltimore will have to rebuild some IT systems to recover from cyber attack

City of Baltimore ransomware attack affects home sales, payments and more



How SmartLogic accelerated these startups’ product growth trajectories


14 West

Senior Java Software Engineer

Apply Now

Sign-up for daily news updates from Baltimore

Do NOT follow this link or you will be banned from the site!