• Saudi cybersecurity firm DSShield raised USD 54M from Merak Capital to build a national-scale cybersecurity platform across the Kingdom.
• The funding will expand security operations, advisory services, managed offerings, and accelerate investment in proprietary cybersecurity technology development.
• Founded in 2020, DSShield aims to scale its client base, strengthen operational technology services, and work toward a future public listing.

DSShield

Saudi-based cybersecurity company, DSShield, raised USD 54 million (SAR 203M) from a Saudi investment firm, Merak Capital.

“This partnership with Merak Capital gives us the platform to invest in our people and capabilities, expand our service capacity, and position DSShield as a national leader in cybersecurity as the Kingdom’s digital economy continues to grow,” said Siraj Marghalani, Founder and CEO of DSShield. 

Founded in 2020 by Siraj Marghalani, DSShield is a Saudi cybersecurity company. It operates a cybersecurity model designed for environments where availability, integrity, and compliance are critical to business continuity. It offers advisory, implementation, and 24/7 managed security operations. Thus, it seeks to enable organizations of varying complexity to manage cyber risk. 

Cybersecurity

Looking forward, with the new funding, it aims to expand its security operations capacity. It seeks to strengthen its advisory and implementation capabilities, scale managed services. Furthermore, it aims to accelerate investment in proprietary technology development. 

Additionally, its partnership with Merak seeks to support growth across operational technology offerings and an expanding client base. With this, it aims to pave it way toward a public listing.

“This investment provides the capital base for the company to scale its operations and proprietary technology, establishing a clear and sustainable pathway toward a public listing,” said Mohannad Alfayez, Partner and Head of Capital Formation at Merak Capital.

The investment comes amid organizations across the Kingdom accelerating digital adoption, cloud migration, and industrial automation. This has driven demand for advanced cybersecurity services across both public and private sectors.