Merak Capital Invests $54 Million in Saudi Cybersecurity Firm DSShield

Merak Capital has invested SAR 203 million (approximately $54 million) in Riyadh-based cybersecurity firm DSShield.

The deal comes as organisations across the Kingdom accelerate cloud adoption, industrial automation and large-scale digital transformation—shifts that have sharpened demand for advanced cybersecurity capabilities across both public and private sectors. According to the National Cybersecurity Authority, Saudi Arabia’s cybersecurity market reached SAR 15.2 billion in 2024, growing at 14 per cent year on year, while the Kingdom ranked first globally in the IMD World Competitiveness cybersecurity indicator in 2025.

Founded in 2020, DSShield has delivered cybersecurity programmes and projects valued at more than SAR 1.5 billion to date, working across advisory, implementation and round-the-clock managed security operations for government entities, critical infrastructure operators and regulated industries.

Merak Capital’s investment is intended to support DSShield’s next phase of growth, including expanding security operations capacity, scaling managed services, strengthening advisory and implementation teams, and accelerating the development of proprietary technology. The partnership also supports deeper expansion into operational technology environments, as cyber risk increasingly spans digital, physical and data systems.