UpGuard

UpGuard

Cybersecurity solutions for risk management

About

UpGuard helps businesses manage and reduce risks related to their digital operations through its cybersecurity software solutions. Its main products include UpGuard CyberRisk, which evaluates a company's cybersecurity health and identifies vulnerabilities; UpGuard Vendor Risk, which assesses the security practices of third-party vendors; and UpGuard BreachSight, which monitors the internet for exposed data and potential breaches. Unlike many competitors, UpGuard offers a subscription-based model for its services, allowing clients to access its tools online without the need for installation. The goal of UpGuard is to provide organizations with the necessary tools to protect their data and ensure compliance with regulatory standards.

Company Stage

Series B

Employees

201-500

Industries

Enterprise Software, Cybersecurity

Total Funding

$44.7M

Headquarters

Mountain View, California

Founded

2012


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Simplify's Take

What believers are saying

  • UpGuard is a leader in third-party risk management, recognized by G2 for eight quarters.
  • UpGuard's AI-driven tools reduce IT team burdens and streamline risk assessments.
  • UpGuard's automated scanning identifies over 23,000 technologies, improving security coverage.

What critics are saying

  • Emerging competition from developer-focused platforms like Aikido may challenge UpGuard's market share.
  • Shadow IT prevalence complicates comprehensive risk assessments for UpGuard.
  • Rapid AI evolution in cybersecurity could diminish UpGuard's competitive edge.

What makes UpGuard unique

  • UpGuard's CSTAR score simplifies risk assessment for IT staff and executives.
  • UpGuard's AI tool streamlines security tasks for resource-limited teams.
  • UpGuard's SIG Lite questionnaire enhances vendor risk evaluation efficiency.

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Growth & Insights
Headcount

6 month growth

8%

1 year growth

39%

2 year growth

100%

Benefits

Free lunches and coffee

Gym reimbursement

Flexible work arrangements (work-from-home)

A 401(k) plan, health, dental, and vision benefits (US employees)

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