MAVA Member Paladin Capital Invests in White Ops $20 Million Series B
Original investors New York and Washington, D.C.-based Paladin Capital Group and Vienna, Virginia-based Grotech Ventures led the new funding round with participation from additional cyber security industry investors.
The New York-based startup specializes in detecting malware and fraudulent information. Its clients mostly include advertisers, tech firms and publishers. White Ops also offers solutions to detect money laundering through bot-driven credit card usage, data mining of credit cards and customer data. So far, revenue spiked over 300 percent year-over-year during 2015, the company reported. The new round of funding is expected to bolster research and development, and enable strategic expansion of White Ops’ U.S. and international marketing teams.