Market Overview

Bark Raises $9M in Series A Funding to Keep Kids Safer Online

Share:

Bark's affordable, award-winning service proactively monitors text
messages, emails, YouTube, and social media for potential safety
concerns, enabling busy parents to work with their children to keep them
safe, save time, and gain peace of mind.

Bark,
the award-winning product that helps keep children safer online and in
real life, today announced its $9 million Series A investment. The round
was led by Signal Peak Ventures, with participation from Two Sigma
Ventures and existing investors including Symmetrical Ventures, Fuel
Capital, Hallett Capital, and Atlanta Seed Company.

"We're thrilled to work with Bark on their mission to keep children
safer," said Signal Peak Ventures Managing Director Brandon Tidwell. "As
children's usage of technology continues to increase, there is clearly
an incredible need for Bark's solution, and we believe Bark is uniquely
positioned to build a great company in an exciting category."

Created in collaboration with child psychologists, youth advisors,
digital media experts, and law enforcement professionals, Bark delivers
a research-backed, kid-friendly solution for safeguarding families in
the rapidly changing world of technology. Bark uses advanced machine
learning to contextually identify and alert parents to potential threats
such as cyberbullying, internet predators, depression, suicidal
thoughts, and sexting in their children's text messages, social media
accounts, and email.

"We're dedicated to partnering with extraordinary founders who are
pushing the boundaries of machine learning to build intelligent consumer
technology systems; as such, we could not be more excited to work with
Brian and the Bark team," said Dan Abelon, partner at Two Sigma Ventures.

Bark has experienced rapid growth since being founded in 2015, helping
to protect over 2 million children across the nation. Bark will use this
round of funding to broaden its product offering and establish a
presence in new markets.

"We are very excited to welcome Signal Peak and Two Sigma as new
investors, and look forward to working closely with them both to
accelerate our growth and positive impact on children's lives," said CEO
and founder Brian Bason.

Following the tragic high school shooting in Parkland in February 2018,
Bark announced it was offering its platform for free to any school using
Google's G Suite for Education. In August, Bark rolled out the same
functionality for schools using Microsoft Office 365 Education. This
powerful offering proactively alerts school administrators to issues
detected in school-issued student email, chat, documents, and cloud
storage.

"Bark for Schools is the real deal. We didn't have any sort of content
scanning before getting Bark. Within a few days, Bark found multiple
issues that would have otherwise gone unnoticed. When an issue arose
that could have been life-threatening for one of our students, a Bark
team member called our school to help us take action," said Thad Schulz,
Technology Coordinator, Sebeka Public School.

Bark's combined coverage of technology used by students while at school
in addition to personal devices and accounts used at home helps provide
communities a comprehensive way of protecting children online and in
real life. To date, Bark has analyzed over 1 billion messages across
texting, email, and social media, and has helped to save 33 lives from
imminent suicide and helped thwart 12 school shooting and bomb threats.

Bark is available to parents at www.bark.us
for $9 per month ($99 annually) per family, which includes monitoring
across 25 platforms including text messages, email, and social media.

For more information on how local schools can use Bark for Schools for
free, please visit: www.bark.us/schools.

About Bark

Bark is a digital safety solution endorsed by parents and children alike
for its ability to unobtrusively identify threats and provide proactive
recommendations. Unlike traditional monitoring tools that require
parents to comb through every single post or that use keyword searches
that ignore context and history, Bark uses machine learning for more
accurate alerts. These alerts are combined with research-based,
actionable advice for addressing issues head-on, putting more power in
parents' hands to address digital dangers. Follow Bark on Twitter @JoinBark.

View Comments and Join the Discussion!