www.upguard.com
Year Invested: 2026
Sector: Cybersecurity

Company Overview

UpGuard is a leading cybersecurity and risk management software platform. The Company provides a unified AI Cyber Risk Posture Management (AI-CRPM) platform that combines third-party risk management, attack surface management, threat monitoring, user & entity behavior analytics, and compliance management. UpGuard serves thousands of global customers, with clients such as Morningstar, Brightcove, and Intercontinental Exchange. The Company was founded in 2012 and is headquartered in Mountain View, California and Hobart, Tasmania.

Investment Thesis

UpGuard is a leader in the $40+ billion market for cybersecurity risk management. The Company’s products continuously ingest and correlate 100B+ daily risk signals, one of the largest and most diverse cyber risk telemetries in the industry. With this data advantage, UpGuard provides accelerated detection with greater accuracy and automated risk intelligence across all product lines. Niche data sources include dark web scanning, news and social media monitoring, GitHub leaks, sanctions lists, and questionnaires. UpGuard provides rapid time to value for its customers with minutes-long SaaS- and browser-based deployment, automated onboarding, and near-instant risk visibility.

Modern organizations continue to be burdened by vendor and SaaS sprawl, with increased obfuscation expected via LLM-wrapped interfaces. Cyber adversaries increasingly focus on supply chain attacks, and AI advancements increase risk of user-level breaches. UpGuard is positioned to identify and remediate cyber risks within these vectors, helping customers respond to the modern security landscape.