Princeton-based Edison Partners announced Thursday a $10 million growth investment in Giant Oak, a Arlington, Virginia-based threat protection platform for government and financial services organizations.
Giant Oak said it will use the investment to continue with product innovation and boost its commercial market expansion.
“Government and commercial markets alike have increased need for big data and regulatory technologies that improve their screenings for risk,” said Tom Vander Schaaff, general partner at Edison Partners, who led the investment. “Gary Shiffman and team have capital-efficiently built a negative search platform that’s smarter than Google, and are driving impressive growth in the government sector. We are honored to be Giant Oak’s partner in both deepening its footprint with government organizations and accelerating expansion into the commercial sector.”
“At Giant Oak, we are working to make it more difficult for bad actors to accomplish illicit goals. Our platform takes a big pile of hay where we’re looking for a needle, and makes it a small pile. When we’re successful, we make the world safer and more secure,” said Giant Oak CEO and Founder Dr. Gary Shiffman. “Well beyond the financial investment, the Edison team now joins our team. They bring the operating know-how and network we need to scale our growth and advance our product development, sales and marketing, and financial performance. I’m thrilled for the partnership.”
