What is UpGuard?
Founded in 2012 and headquartered in Hobart, Tasmania, with US operations in Mountain View, California, UpGuard is a prominent player in cybersecurity and risk management. The company's AI-powered platform for Cyber Risk Posture Management (CRPM) offers a unified, actionable view of cyber risks across an organization's vendors, external attack surface, and internal workforce. UpGuard's technology is trusted by thousands of businesses aiming to enhance their cyber risk management 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 Valar Ventures, Starfish Ventures, 500.com, Anthony Marcar, Square Peg Capital, Alan Jones, Larry Marshall, Scott Petry, and Mark Jung
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 Pelion Venture Partners, Square Peg, August Capital, and IAG Firemark Ventures
Series C (2026): $75M with participation from Pelion Venture Partners, Square Peg, August Capital, and Springcoast Capital Partners
Key Investors in UpGuard
Pelion Venture Partners
Pelion Home is a company that manages a portfolio of funds, focusing on investment solutions for its clients. They offer a range of services tailored to meet the needs of investors. The company aims to cater to both institutional and individual clients seeking diversified investment opportunities. Through their managed fund approach, Pelion Home supports clients in achieving their financial objectives.
Square Peg
Square Peg is a venture capital firm that invests in emerging technology companies across the internet economy in Australia and New Zealand, Southeast Asia, and Israel.
August Capital
August Capital specializes in venture capital, taking a personal approach to their investments. They focus on investing in fewer enterprises, providing significant support to entrepreneurs in developing transformative businesses. Their team is dedicated to guiding portfolio companies toward success. August Capital emphasizes strong relationships and insights within their investment strategy.
What's next for UpGuard?
The recent major strategic investment signals a pivotal phase for UpGuard, likely enabling accelerated product development, market expansion, and enhanced cybersecurity solutions. This capital infusion is expected to bolster its competitive edge in the rapidly evolving cyber risk landscape, potentially leading to new feature rollouts and strategic partnerships to further solidify its market leadership.
See full UpGuard company page
