Giant Oak has announced that it has landed a $10 million investment from Edison Partners. The company said it will use the proceeds to expand sales and marketing, software engineering and behavioral science-based analytics for its core search platform, Giant Oak Search Technology (GOST).
The company initially developed GOST to screen the open, deep and dark web, and other data to help national security and law enforcement officials identify human trafficking, terrorist activities and other security threats. Its capabilities have since expanded into the commercial sector, helping clients such as financial institutions meet compliance requirements and manage reputational, regulatory, financial and crime risk.
“Edison is an ideal partner for Giant Oak, and for more than our capital needs,” said founder and CEO Gary Shiffman, a Georgetown University professor and former chief of staff at U.S. Customs and Border Protection. “Their team possesses expertise in our business model and target markets.”
Tom Vander Schaaff, a general partner at Edison, will join the company’s board of directors.
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