Bark Technologies, an Atlanta, GA-based global leader in the digital safety space, closed a $30m Series C financing.
The round, which brings Bark’s total funding raised to date to $67 million, was led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, with participation from existing investors. This investment was. Leon Chen, Managing Partner at Kayne Partners, will join Bark’s board of directors.
The company intends use the funds to expand internationally, create strategic partnerships globally, and position itself as a leader within the online safety sector.
Founded in 2015 by Brian Bason to help families work together to navigate the dangers of an ever-changing digital world, today Bark helps to protect nearly 6 million children online at home and in more than 3,200 schools and districts in the U.S., Guam, South Africa, and Australia.
Using highly artificial intelligence, the company’s solutions alert families to concerning behaviors in a variety of categories, including cyberbullying, depression, suicidal ideation, violence, and online predation. Bark monitors more than 30 of today’s most popular social media platforms and apps, as well as text messages, images, videos, chats, emails, and files. Family members can create their own screen time schedules and block apps. They also receive location alerts whenever kids are away from home. It even detects the nuanced ways kids communicate online via slang and emojis – including country-specific language differences – to help parents better understand their children and detect crises often masked in teen/tween speak.