UpGuard, a cybersecurity and risk management provider, has secured $75 million in Series C funding from Springcoast Partners to accelerate the expansion of its AI-powered Cyber Risk Posture Management (CRPM) platform. The minority investment marks a major milestone in the company’s growth strategy, enabling it to enhance platform capabilities, expand global go-to-market operations, and explore strategic mergers and acquisitions. Springcoast Partners led the round and joined existing investors August Capital, Square Peg Capital, and Pelion Venture Partners.
With cyber threats growing more sophisticated, organizations increasingly need unified tools to manage risk across their digital ecosystems. Therefore, UpGuard plans to use the funding to strengthen its AI-driven platform, which helps security teams identify vulnerabilities, automate risk assessments, and improve overall cyber resilience. The company is particularly focused on delivering enterprise-grade solutions tailored to mid-market organizations that often operate with limited security resources.
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“UpGuard has an opportunity to bridge the gap between risk and security, and this Series C round adds even more fuel to accelerate the delivery of our enterprise-grade solutions for the mid-market. This ensures that CISOs and lean security teams can stay resilient with best-in-class tools to address today’s increasingly complex threat landscape,” said UpGuard’s co-founder and CEO Mike Baukes.
Currently, UpGuard supports more than 50,000 organizations across over 90 countries, including more than 2,000 enterprise customers. Its global workforce spans 14 countries, providing localized support and specialized expertise. Additionally, the company’s growing industry recognition highlights its market leadership. UpGuard recently earned a place in the G2 2026 Best Software Awards, ranking among the top 15 security companies and within the top 100 global software providers. The platform has also maintained the top category leadership position on G2 for Third-Party and Supplier Risk Management for 15 consecutive quarters. Notably, its platform processes more than 100 billion risk signals daily, demonstrating its operational scale.
UpGuard’s CRPM platform addresses cybersecurity fragmentation by consolidating multiple risk areas into a single, unified system. Specifically, it covers vendor risk across supply chains, breach risk related to external attack surfaces, user risk associated with workforce activity, and trust exchange for secure data sharing. Furthermore, built-in automation capabilities streamline governance, risk, and compliance (GRC) workflows, reducing manual effort and improving efficiency.
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At the same time, UpGuard continues to expand its AI-driven automation capabilities. Over the past 100 days alone, the platform processed more than 23 billion AI tokens to power risk assessments, threat intelligence analysis, and automated questionnaire responses. As a result, the system has completed more than 70,000 AI-driven risk assessments and 700,000 automated questionnaires, significantly reducing operational workloads for security teams. Additionally, its AI Threat Analyst successfully triaged 90 percent of over 483,000 breach signals, allowing security professionals to focus on high-priority threats instead of routine analysis.
“UpGuard has proven its ability to execute and achieve significant scale and capital efficiency in a critical market, and they have the vision and technology to achieve even more. We are excited to partner with the UpGuard team as they expand their AI-CRPM platform capabilities and solidify their position as a leader in cyber risk posture management,” said Holger Staude, Managing Partner at Springcoast.
Overall, the new funding positions UpGuard to accelerate innovation, scale globally, and strengthen its leadership in AI-powered cyber risk posture management as organizations increasingly prioritize proactive and automated security strategies.
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