The minority funding round will accelerate UpGuard's next growth phase, including the expansion of its AI-powered Cyber Risk Posture Management (CRPM) platform capabilities, scaling global go-to-market functions, and pursuing strategic M&A. Springcoast led the round and joins existing investors, August Capital, Square Peg Capital, and Pelion Venture Partners.

Founded in 2012, UpGuard is a leader in cybersecurity and risk management. The company's AI-powered platform for Cyber Risk Posture Management (CRPM) provides a centralized, actionable view of cyber risk across an organization's vendors, attack surface, and workforce. Trusted by thousands of companies, UpGuard's platform is designed to help security teams manage cyber risk with confidence and efficiency.