2021-06-07
SYDNEY, Australia, June 7, 2021 /PRNewswire-PRWeb/ — UpGuard, the third-party risk and attack surface management platform, announced today that the company has completed a $19 million ($25 million AUD) Series B-1 funding round with participation by existing investors IAG Firemark Ventures, the corporate venture capital unit of IAG, the largest general insurer in Australia, Pelion Venture Partners, Square Peg Capital and August Capital to accelerate the development of the UpGuard product and global expansion. This Series B-1 round brings UpGuard’s total funding to $45 million ($59 million AUD).
UpGuard is a cybersecurity platform that prevents data breaches by helping businesses assess and monitor the risk of their third-party vendors and protect against data leaks. UpGuard’s world class team of cyber researchers and analysts are known for securing over 2 billion sensitive data leaks for a range of organizations including Facebook, the Republican National Committee, Amazon, GoDaddy and Tesla. Hundreds of companies trust UpGuard with their vendor risk management such as The New York Stock Exchange, Tech Mahindra, the…
