Venture Capital News: Nightfall AI Completes $40M Series B Financing
2022-08-11
SAN FRANCISCO, CA, Nightfall AI, the industry's leading cloud data loss prevention platform, announced today it has closed $40 million in Series B funding.
This new 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. As fans of the product, multiple CISOs and security professionals invested in the round as well.
Nightfall is the 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.
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