What is UpGuard?
Founded in 2012 and headquartered across Hobart, Tasmania, and Mountain View, California, UpGuard has established itself as a leader in the Cyber Risk Posture Management (CRPM) space. The company provides a sophisticated, AI-powered platform that offers a centralized view of cyber risk, enabling security teams to monitor and mitigate vulnerabilities across their vendors, attack surfaces, and internal workforces. By transforming complex security data into actionable intelligence, UpGuard serves thousands of enterprises, helping them navigate the increasingly volatile digital threat landscape with enhanced efficiency and confidence.
How much funding has UpGuard raised?
UpGuard has raised a total of $104.3M across 6 funding rounds:
Other Financing Round
$45K
Angel/Seed
$1.2M
Series A
$8.7M
Debt
$350K
Series B
$19M
Series C
$75M
Other Financing Round (2012): $45K with participation from Startmate
Angel/Seed (2012): $1.2M led by Square Peg Capital, Mark Jung, Starfish Ventures, Scott Petry, Anthony Marcar, Valar Ventures, Larry Marshall, 500.com, and Alan Jones
Series A (2014): $8.7M supported by August Capital, Square Peg, and Valar Ventures
Debt (2020): $350K featuring PPP
Series B (2021): $19M backed by August Capital, Square Peg, Pelion Venture Partners, and IAG Firemark Ventures
Series C (2026): $75M with participation from Springcoast Capital Partners, Pelion Venture Partners, August Capital, and Square Peg
Key Investors in UpGuard
Springcoast Capital Partners
A growth equity firm specializing in providing flexible capital to leading software and technology-enabled companies, focusing on experienced management teams poised for significant scale.
Pelion Venture Partners
A venture capital firm that manages a diverse portfolio of funds, offering tailored investment solutions to support institutional and individual clients in achieving financial objectives.
August Capital
A venture capital firm that emphasizes a personal, high-touch approach to investing, providing significant strategic support to entrepreneurs building transformative enterprises.
What's next for UpGuard?
With the successful closure of this major strategic investment, UpGuard is poised to deepen its technological moat within the CRPM market. The company's strategic focus will likely center on scaling its AI capabilities to provide more predictive risk modeling and automated remediation features. As enterprises continue to grapple with supply chain security and third-party risk, UpGuard's platform is uniquely positioned to become an essential component of the modern security stack. The firm's ability to attract high-caliber growth equity partners suggests a clear path toward further market penetration and potential long-term dominance in the cybersecurity sector.
See full UpGuard company page
