What is UpGuard?
Founded in 2012 and headquartered in Hobart, Tasmania, with US operations in Mountain View, California, UpGuard is a leader in cybersecurity and risk management. Its AI-powered platform for Cyber Risk Posture Management (CRPM) offers a unified and actionable view of cyber risks across an organization's vendors, external attack surface, and internal workforce. This comprehensive approach empowers thousands of companies to manage cyber risks with enhanced confidence and efficiency, solidifying its role as a key player in safeguarding digital assets.
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 Anthony Marcar, Square Peg Capital, Alan Jones, Scott Petry, Larry Marshall, 500.com, Mark Jung, Starfish Ventures, and Valar Ventures
Series A (2014): $8.7M supported by Square Peg, August Capital, and Valar Ventures
Debt (2020): $350K featuring PPP
Series B (2021): $19M backed by Pelion Venture Partners, Square Peg, IAG Firemark Ventures, and August Capital
Series C (2026): $75M with participation from Springcoast Capital Partners, August Capital, Square Peg, and Pelion Venture Partners
Key Investors in UpGuard
Pelion Venture Partners
Pelion Venture Partners is a venture capital firm that manages a portfolio of funds, focusing on investment solutions for its clients and aiming to cater to both institutional and individual investors seeking diversified opportunities.
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, focusing on providing significant support to entrepreneurs in developing transformative businesses.
What's next for UpGuard?
The recent major strategic investment signals UpGuard's readiness to accelerate its market penetration and platform development. This infusion of capital is expected to fuel advancements in its AI capabilities for Cyber Risk Posture Management, potentially expanding its reach into new enterprise segments and enhancing its competitive edge. Strategic partnerships and further technological innovation are likely next steps as UpGuard aims to solidify its leadership in the evolving cybersecurity landscape.
See full UpGuard company page
