Cybersecurity firm UpGuard has raised 75 million dollars in a Series C funding round aimed at expanding its cyber risk management technology and strengthening its artificial intelligence driven security capabilities. The UpGuard Series C funding reflects growing demand among enterprises seeking better visibility into digital risk exposure across vendors, networks, and internal systems.
Investment Supports Expansion Of Cyber Risk Capabilities
The funding round was led by growth equity firm Springcoast Capital, with continued participation from existing investors including August Capital, Square Peg, and Pelion Venture Partners. Through the UpGuard Series C funding, the company plans to use the capital to enhance platform development, expand market reach, and pursue strategic acquisitions that strengthen its cybersecurity offerings.
UpGuard focuses on cyber risk posture management, a security approach designed to help organizations identify weaknesses across interconnected digital environments. Modern enterprises rely on cloud services, external vendors, and distributed workforces, which increases exposure to cyber threats. Platforms that continuously assess risk have become central to enterprise security operations.
The company’s platform evaluates several areas often overlooked in traditional security programs. These include vendor risk within supply chains, breach exposure across external attack surfaces, workforce-related user risk, and secure data exchange between organizations. Automation tools within the platform also assist governance and compliance teams by simplifying risk monitoring processes.
By combining automation with artificial intelligence analysis, the platform aims to reduce manual security reviews that often require significant time and technical resources. With backing from the UpGuard Series C funding, Automated risk assessment allows security teams to detect vulnerabilities earlier and respond faster to emerging threats.
Global Growth Reflects Rising Enterprise Security Demand
UpGuard was founded in 2012 under the name ScriptRock by Mike Baukes, Alan Sharp Paul. The company later shifted its focus toward broader cybersecurity risk monitoring as enterprise environments became more complex and interconnected. Early investment support came from startup accelerator Startmate, followed by additional funding rounds, including a Series B extension in 2021.
According to company leadership, UpGuard now serves customers across 90 countries and maintains operational teams in 14 countries. The expanding global footprint highlights increasing adoption of continuous cyber risk monitoring among organizations managing large digital ecosystems.
Cybersecurity leaders are placing greater emphasis on understanding risks beyond internal infrastructure. Third-party vendors, remote access systems, and shared data environments have become common entry points for attackers. As a result, enterprises are investing in platforms that provide unified visibility across multiple risk layers.
Industry observers note that automation-powered security tools are gaining attention as organizations face talent shortages within cybersecurity teams. Artificial intelligence systems can assist analysts by filtering alerts, identifying patterns, and prioritizing critical risks for investigation.
The UpGuard Series C funding positions the company to further develop its platform while expanding support for enterprise and mid market customers. Increased investment in cyber risk posture management solutions signals a broader shift toward proactive security strategies that focus on prevention rather than response alone.
As cyber threats continue to evolve, organizations are seeking technologies that combine risk intelligence with operational efficiency. UpGuard’s expansion plans reflect ongoing industry movement toward integrated platforms capable of monitoring complex digital environments at scale while supporting security teams with automated insights.
Visit CyberPro Magazine to read more.
