Whalebone Secures $14M Series B Funding to Power Global Expansion

Deal News | Feb 18, 2025 | Day One Capital Kockazati Toke

Whalebone Secures $14M Series B Funding to Power Global Expansion

Whalebone, a prominent provider of cybersecurity solutions within the telecommunications sector and the leading figure in the European Union's DNS4EU initiative, has successfully raised $14 million in a Series B funding round. The investment was spearheaded by Unbound, a London-based global investment firm, and included contributions from current investors such as Day One Capital. Whalebone intends to use the new financing to advance various strategic goals, which include geographical expansion, product development, enterprise and public sector growth, and enhancement of its threat intelligence services. The company, which aims to protect one billion internet users, recently expanded into new markets in the APAC region through partnerships with telecom operators like Smart Axiata, Tele2 Kazakhstan, Vietnamobile, and Dhiraagu. This expansion is part of Whalebone’s larger strategic vision, bolstered by its recent recognition as a fast-growing company in Europe by Deloitte and the Financial Times. Investors value Whalebone's efficiency and its pioneering work in DNS cybersecurity. Shravin Bharti Mittal from Unbound and György Sim from Day One Capital praised Whalebone’s strategic growth, innovative cybersecurity solutions, and global potential. The investment is expected to fortify Whalebone’s market leadership and its role in enhancing the resilience of internet infrastructure through projects like DNS4EU.

Sectors

  • Cybersecurity
  • Telecommunications
  • Venture Capital

Geography

  • Europe – Whalebone is leading the DNS4EU project and is recognized as a fast-growing company in Europe, indicating its significant presence in this geography.
  • APAC – Whalebone's recent expansion into the APAC region through new telecom partnerships points to its strategic growth efforts in this area.
  • United Kingdom – Unbound, the lead investor in the funding round, is based in London, marking the UK's involvement in this investment.
  • Czech Republic – The headquarters of Whalebone is in Brno, Czech Republic, where the company is actively engaged in cybersecurity innovations.

Industry

  • Cybersecurity – Whalebone is a cybersecurity firm focused on providing solutions to telcos and public institutions, safeguarding users from digital threats.
  • Telecommunications – Whalebone partners with telecommunications providers to integrate its cybersecurity solutions, showcasing its relevance in this sector.
  • Venture Capital – Unbound and Day One Capital are involved in this Series B funding round, highlighting the venture capital industry's role in supporting tech innovations.

Financials

  • 14M – The total amount raised in Whalebone's Series B funding round.

Participants

NameRoleTypeDescription
WhaleboneTarget CompanyCompanyA cybersecurity firm providing solutions to telcos and public institutions, aiming to protect 1 billion internet users.
UnboundLead InvestorCompanyA London-based investment firm focusing on growth-stage investments in disruptive technology companies.
Day One CapitalInvestorCompanyAn investor in Whalebone, participating in the Series B funding to support its continued expansion and innovation.
Richard MalovicCEO of WhalebonePersonCEO of Whalebone, leading the company’s mission to scale cybersecurity solutions globally.
Shravin Bharti MittalFounder and CEO of UnboundPersonCEO of Unbound, leading the investment in Whalebone with a focus on leveraging telecom industry insights.
György SimManaging Partner at Day One CapitalPersonPartner at Day One Capital, who has supported Whalebone’s journey over several years.