Baltimore's ABS Capital Partners leads $23M Series A for Florida cybersecurity company - Baltimore


Apr. 4, 2019 9:56 am

Baltimore’s ABS Capital Partners leads $23M Series A for Florida cybersecurity company

With the Inner Harbor firm's investment, ABS venture partner Michael Avon will join the board of deepwatch.

A look down East Pratt Street along Baltimore's Inner Harbor.

(Photo by Stephen Babcock)

Inner Harbor-based investment firm ABS Capital Partners led a $23 million Series A for cybersecurity company deepwatch, the company said Wednesday.

deepwatch, a four-year-old company based in St. Petersburg, Fla., provides managed security services, meaning businesses work with the company to run security operations. Businesses often look to these firms in lieu of standing up an in-house cybersecurity team.

The funds will allow deepwatch to accelerate R&D on its security analytics platform, as well as outreach to customers.

With the deal, ABS Capital Partners Venture Partner Michael Avon will join the deepwatch board.

“deepwatch has developed an innovative security operations platform as evidenced by its very impressive growth and momentum,” Avon, the former CFO of Millennial Media who also founded ICX Media, said in a statement. “We look forward to partnering with deepwatch as it continues to disrupt and redefine the modern managed security services industry to help its customers protect their brands and critical assets against a continuously advancing threat landscape.”

ABS Capital Partners typically invests in later-stage growth companies.

Already a member? Sign in here
Connect with companies from the community
New call-to-action


Protenus raises $17M in Series C funding round

NextStep Robotics receives $1M through NIH agreement

Power Moves: Leadership changes at CAMI and Maryland Momentum Fund



What Asymmetrik is doing to help lead healthcare’s digital transformation

Philadelphia, PA


Senior Interaction Designer

Apply Now
Baltimore, MD

Agora Financial

Sr. Frontend Developer

Apply Now
Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now releases data behind malicious ads

Water bills are being issued in Baltimore for the first time since the May ransomware attack

VitusVet gets investment from Nationwide Insurance



Verizon is looking for the brightest ideas on how to use its 5G technology

Baltimore, MD


Account Executive (Baltimore)

Apply Now
Baltimore, MD

14 West

Product Operations Manager

Apply Now
Philadelphia OR Baltimore

Technically Media Editorial Intern (Fall 2019)

Apply Now

Sign-up for daily news updates from Baltimore

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