What is UpGuard?
Founded in 2012, UpGuard provides an AI-powered platform designed to centralize and automate the management of cyber risk. The company's core offering, CRPM, allows security teams to gain actionable visibility into their attack surface, vendor ecosystems, and workforce vulnerabilities. By transforming complex security data into intuitive, manageable insights, UpGuard enables organizations to proactively mitigate threats and maintain compliance with rigorous industry standards. Headquartered in Hobart, Tasmania, with a significant operational presence in Mountain View, California, the company serves thousands of enterprise clients globally, positioning itself as a foundational element of modern corporate security stacks.
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 Larry Marshall, Starfish Ventures, 500.com, Valar Ventures, Scott Petry, Alan Jones, Square Peg Capital, Mark Jung, and Anthony Marcar
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 Square Peg, IAG Firemark Ventures, Pelion Venture Partners, and August Capital
Series C (2026): $75M with participation from Square Peg, Pelion Venture Partners, Springcoast Capital Partners, and August Capital
Key Investors in UpGuard
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 by focusing on fewer enterprises to provide significant support to transformative businesses.
Springcoast Capital Partners
Springcoast Capital Partners is a growth equity firm that specializes in providing flexible capital to leading software and technology-enabled companies poised for expansion.
What's next for UpGuard?
With the successful closure of this latest funding round, UpGuard is well-positioned to scale its operations and deepen its technological moat. The strategic focus will likely center on enhancing the predictive capabilities of its AI-driven platform, allowing for more sophisticated threat detection and automated remediation workflows. As the demand for robust third-party risk management continues to surge, UpGuard is expected to leverage its capital to capture additional market share, potentially exploring new geographic territories and expanding its suite of enterprise-grade security tools to address emerging vulnerabilities in cloud-native environments.
See full UpGuard company page
