UpGuard Secures $17,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f064c438-e2db-4ab1-8157-0e6cba6364c5
Date
8/15/2016
Company Name
UpGuard
Mailing Address
238 Castro St. Mountain View, CA 94041 USA
Company Description
UpGuard is the company behind CSTAR, the world’s only comprehensive and actionable cybersecurity preparedness score for enterprises. The score allows businesses to understand the risk of breaches and unplanned outages due to misconfigurations and software vulnerabilities.
Website
http://www.upguard.com
Transaction Type
Venture Equity
Transaction Amount
$17,000,000
Transaction Round
Series B
Proceeds Purposes
UpGuard will use the funds to fuel an aggressive growth strategy centered on increasing adoption of its cybersecurity assessment score, or CSTAR score, and exploring insurance opportunities.
M&A Terms
Venture Investor
Pelion Venture Partners
Venture Investor
Square Peg Ventures