The Omidyar Network, an investment firm created by eBay and First Look Media founder Pierre Omidyar, has invested $2 million in Terbium Labs, the dark web intelligence company announced Monday. Terbium has raised $19 million from sources including Glasswing Ventures, which invested $6 million in 2017, and .406 Ventures, the company said in a statement Monday. The $2 million investment from the Omidyar Network comes as competition among dark web vendors has intensified, with competitors like Recorded Future, Digital Shadows and Flashpoint also scouring hidden sections of the internet for client information. Terbium utilizes artificial intelligence algorithms to model the dark web, locate new sites and predict where stolen information is most likely to go up for sale next, the company said. More than 10,000 users including Mastercard and Thomson Reuters use Matchlight, Terbium’s dark web search system, according to Terbium. The company also relies on a fuzzy hashing protocol that […]
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