Nightfall AI, a San Francisco, CA-based industry’s leading cloud data loss prevention platform, announced that it closed $40 million in Series B funding.
The round was led by WestBridge Capital, with participation from Next Play Capital and existing investors Bain Capital Ventures, Venrock, Pear VC, and several professional athletes and influencers including Paul Rudd, Drew Brees, and Josh Childress.
Nightfall plans to more than double its headcount over the next year and will use this funding to scale its reach to more customers and markets, expand its integration and partner ecosystem, and advance the Nightfall platform with new products and use cases that customers want.
Sumir Chadha, co-founder and managing partner at WestBridge Capital, joined the company’s Board of Directors.
Company: Shoreline Labs, Inc.
Round: Series B
Funding Month: Aug 2022
Lead Investors: WestBridge Capital
Additional Investors: Next Play Capital and existing investors Bain Capital Ventures, Venrock, Pear VC, Paul Rudd, Drew Brees, and Josh Childress
Company Website: https://nightfall.ai/
Software Category: Data Loss Prevention (DLP) Software
About the Company: Nightfall is a cloud data protection platform for every application. Nightfall’s mission is to enable any organization to discover, classify, and protect sensitive data across all of its cloud applications & services. Organizations depend on Nightfall to discover, classify, and protect sensitive data across cloud services via machine learning & natural language processing (NLP). As the industry’s first cloud data loss prevention & data classification platform, Nightfall has scaled rapidly to a broad set of customers across the globe, ranging from hyper-growth tech startups to Fortune 100 enterprises. Nightfall’s SOC 2 Type 2 compliant platform has been deployed across consumer-facing & highly regulated industries like healthcare, insurance, and education to address data leakage and compliance risks around HIPAA, PCI, and more.