SafeGuard Cyber Secures $45M in Strategic Growth Financing Round Led By NightDragon

StartUp City | Tuesday, May 04, 2021

The AI-powered network of SafeGuard Cyber enables companies to follow vital collaboration, social media, and mobile chat digital platforms while lowering cybersecurity risk and ensuring compliance.

FREMONT, CA: SafeGuard Cyber, a leading SaaS-based platform dedicated to managing the entire lifecycle of Digital Risk Protection, has declared it has secured $45 million of equity and debt led by NightDragon with participation from Cisco Investments and previous investor, Allegis Cyber.

The AI-powered network of SafeGuard Cyber enables companies to follow vital collaboration, social media, and mobile chat digital platforms while lowering cybersecurity risk and ensuring compliance. With today's remote work environment, these technological areas have become critical. SafeGuard Cyber will be able to broaden its business and technological capabilities as a result of the new funding, allowing it to meet global demand in this increasingly growing sector.

"SafeGuard Cyber offers a one-of-a-kind solution for any business or individual using cloud-based applications today," stated Dave DeWalt, founder, and managing director, NightDragon. "These capabilities are more critical than ever in today's 'work from anywhere' world, where activities have migrated to social, mobile chat, and modern collaboration channels. We look forward to working with the SafeGuard team to enable today's modern workforce and bring about a new era of worry-free commerce and human connections."

"The needs of the enterprise workplace are changing rapidly, and our solutions represent the future of cybersecurity with risk protection evolving to business-critical digital channels," stated SafeGuard Cyber CEO and co-founder Jim Zuffoletti. "Information security, compliance and risk professionals, marketing teams, and sales enablement all benefit from leveraging social media, collaboration, and mobile chat communication tools, yet these platforms remain largely vulnerable to security and compliance risks at many organizations. Our new backing from the investors at NightDragon, Allegis Cyber, and Cisco Investments gives SafeGuard Cyber the ability to rapidly scale and meet this massive marketplace need by providing businesses a way to grow securely across the digital landscape."

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