DLA Piper represented Securly, Inc. in a US$16 million round of Series B financing led by Defy Partners, along with participation by Owl Ventures. This round brings Securly’s total funding to date to US$24 million. The company plans to use the funds to accelerate further research and development in K-12 safety, and ramp up sales and support.
Silicon Valley-based Securly was founded in 2013 by former McAfee engineers Vinay Mahadik and Bharath Madhusudan, with the goal of building solutions to keep children safe online. The Internet is educational and entertaining, but it can also be confusing or even harmful for children. Enterprise grade solutions are needed to address the unique societal needs of K-12 online safety and wellness. Securly addresses this need through online monitoring solutions that use artificial intelligence to scan for online signs of cyberbullying, self-harm and other digital threats. Its software currently serve over 7 million students in more than 5,000 school districts across the United States.
Founded in 2016, Defy Partners is a new venture firm specializing in early stage and growth capital investments. Owl Ventures is a venture capital fund that focuses on investing in transformational education technology companies.
The DLA Piper team representing Securly was led by partner Louis Lehot and associate Evan Youngstrom (both of Silicon Valley), and included partners Timothy Lohse (Silicon Valley) and Gina Durham (San Francisco).