UpGuard, an Australia- and Mountain View, California-based cybersecurity and risk management company, has raised $75 million in Series C funding.
Investors
The round was led by Springcoast Partners, with participation from existing investors August Capital, Square Peg Capital, and Pelion Venture Partners.
Established in 2023, Springcoast Partners is a growth equity firm focused on partnering with market-leading software and technology companies. Based in New York, Springcoast’s portfolio spans sectors including cybersecurity, content governance, consumer technology, and cargo risk management.
UpGuard Use of Funds
The company will use the funding to expand its AI-powered CRPM platform capabilities, scale global go-to-market operations, and pursue strategic mergers and acquisitions.
About UpGuard
UpGuard is a cybersecurity company that provides cyber risk posture management (CRPM), designed to help security teams manage cyber risk with confidence and efficiency. Its AI-powered platform unifies vendor risk, breach risk, user risk, trust exchange, and GRC automation into a consolidated risk intelligence framework. Headquartered in Hobart, Australia, and Mountain View, California, UpGuard is trusted by 50,000 organizations in 90+ countries, including over 2,000 customers supported by a distributed workforce across 14 countries, offering localized support and diverse expertise.
Funding Details
Company: UpGuard, Inc.
Raised: $75.0M
Round: Series C
Funding Date: February 2026
Lead Investor: Springcoast Partners
Additional Investors: August Capital, Square Peg Capital, Pelion Venture Partners
Company Website: https://www.upguard.com/
Software Category: Cyber Risk Posture Management (CRPM) / Cybersecurity
Source: https://www.prnewswire.com/news-releases/upguard-raises-75m-in-series-c-funding-to-accelerate-market-leadership-in-cyber-risk-posture-management-302697786.html