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In a significant development for the global cybersecurity sector, UpGuard has announced the completion of a $75 million Series C funding round. According to Startup Researcher, this latest capital injection brings the company’s total funding to an impressive sum, positioning it as a key player in cyber defense and third-party risk management.
The startup, founded in 2012 and headquartered in Mountain View, California, was established by technology entrepreneurs to address the escalating challenges of digital risks and supply chain vulnerabilities. The company developed an advanced platform that helps organizations prevent data breaches and protect their digital assets from threats originating from external vendors and partners. Its core mission is to provide complete visibility and control over the expanding digital attack surface of modern businesses.
This new infusion of capital is earmarked for accelerating the development of the platform’s artificial intelligence capabilities, expanding global sales and marketing efforts, and significantly growing its development and customer support teams. It represents a strong vote of confidence in the firm’s vision and technology.
The technology at the heart of the system offers continuous monitoring and security scoring for an organization and all its vendors and partners. The platform automates risk assessments, identifies critical security vulnerabilities in real-time, and provides actionable insights to remediate flaws before they can be exploited by attackers. The company’s customer base includes large enterprise organizations and mid-market companies across various industries, including finance, healthcare, and technology, who rely on the system to manage their vendor risk.
This funding round is one of the largest in the third-party risk management sector this year, signaling the growing importance of this area in corporate defense strategy. The investment underscores a prevailing trend among enterprises to allocate significant resources to securing their supply chains, especially amid a surge in the frequency and sophistication of cyberattacks. The raised amount, $75 million, will allow the company to solidify its position as a market leader.
With this substantial new funding, the firm is in an excellent position to accelerate its growth and continue its mission of providing proactive defense solutions. The investment will enable it to expand its presence in key markets worldwide and to keep innovating in the dynamic field of cybersecurity.
