Spire Capital, a prominent private equity firm, expands its portfolio with the acquisition of Cobwebs Technologies, an Israeli web intelligence company, for $200 million.
Cobwebs Technologies’ Specialization
Cobwebs Technologies specializes in developing cyber intelligence solutions for global enforcement bodies, national security agencies, and financial services, with a strong focus on the U.S. and Western Europe.
Founded in 2015 by IDF veterans, Cobwebs Technologies has developed a powerful search engine capable of scouring the dark web and deep web for potential illegal or terrorist activities. Its advanced system conducts background checks and provides real-time alerts on potentially harmful interactions.
Cobwebs Technologies has established itself as a leader in the web intelligence field, thanks to its early investments in AI development and digital intelligence. The company’s revenues have reached the tens of millions of dollars.
Spire Capital’s acquisition of Cobwebs Technologies complements its existing portfolio, including PenLink, an American company specializing in intelligence analysis based on digital evidence. The integration strengthens Spire Capital’s position in the web intelligence sector.
With a workforce of 170 employees and previous funding of $10 million, Cobwebs Technologies‘ founders are expected to benefit significantly from the acquisition. The exponential growth of data volume and advancements in AI technologies contribute to the increasing demand for high-quality information analysis.