Maltego: Leading Intelligence Platform Raises Over $100 Million From Charlesbank

By Amit Chowdhry • Apr 23, 2023

Maltego is a leading intelligence platform used by institutions like the FBI and INTERPOL, financial organizations, and half of the Dow 30 for data integration and graphical link analysis of complex investigations. And the company announced its acquisition by Charlesbank Technology Opportunities Funds, which are managed by Charlesbank Capital Partners at an undisclosed price. The new Boston-based owner is investing more than $100 million in Maltego to further accelerate growth and development.

Maltego is utilized by security experts, journalists, and researchers to mine, merge, and map investigative data. And it has become a go-to platform for making sense of massive data sets while investigating a wide variety of complex cases like cybersecurity threat intelligence, law enforcement, national security, and trust and safety. Plus Maltego released publicly available resources to empower investigators to uncover the spread of misinformation against NATO, and has also aided investigative journalism efforts to combat human trafficking. Users have been valuing the ease of use and capabilities to access and generate meaningful merges from diverse and disparate data sources like Open-Source Intelligence (OSINT), third-party commercial APIs, and internal data.

KEY QUOTES:

“The Maltego platform is all about empowering investigators. Charlesbank shares our vision. They have made a significant investment in the company to accelerate product development and sales internationalization. This enables us to add more features and data sources and to improve usability for even more investigators. We are happy to report that we have just received the international standard for information security, the ISO 27001 Certification, and we have already begun building a presence in North America. We look forward to our future with Charlesbank and thank Maxburg for five years of partnership during which Maltego built an organization of over 100 employees and realized more than 4x profitable ARR growth.”

— Philip Mayrhofer, CEO of Maltego

“The Maltego platform provides incredible value to investigators in helping them make sense of a large volume of different data sets to complete their investigations and identify threats. We are excited to partner with the Maltego executive team and have reserved significant additional capital to pursue follow-on acquisitions across the fragmented landscape. We expect strong market growth in the cyber security sector especially, and believe we have all the ingredients to develop a market leading platform for investigators globally.”

— Darren Battistoni, Managing Director at Charlesbank

“I have known Maltego for over a decade and it has been a staple in every cyber operator’s toolbox. In my time at IBM X-Force, we were able to accomplish some of the most impressive and meaningful research and investigations by leveraging the powerful data integration and visualization capabilities of Maltego.”

— Caleb Barlow, who advised Charlesbank on the acquisition and will join the Maltego board as an industry expert