SafeGuard Cyber, a leading SaaS-based platform dedicated to managing the entire lifecycle of Digital Risk Protection, has raised $45 million of equity and debt led by NightDragon with participation from Cisco Investments and previous investor, Allegis Cyber.
SafeGuard Cyber’s AI-powered platform empowers businesses to adopt critical collaboration, social media, and mobile chat digital channels while reducing cybersecurity risk and ensuring compliance. These technology areas have become essential with today’s remote work environment. The new funding will enable SafeGuard Cyber to expand its business and technology capabilities to meet global demand for this rapidly accelerating market.
SafeGuard Cyber enables people to interact securely on any cloud application, including social apps, mobile chat, collaboration platforms, CRM, and service clouds. It empowers security and compliance teams with unprecedented visibility into these business-critical cloud communication applications and the ability to apply policies to secure their use. This capability drives SafeGuard’s mission of securing human connections no matter what digital channel is used.
SafeGuard Cyber saw tremendous growth in 2020 as businesses increasingly turned to digital channels, such as collaboration, social media, and mobile chat, to operate their businesses effectively during the pandemic. Integrations and partnerships with platforms like Slack, LinkedIn, and WhatsApp, and more enable even the most regulated companies and industries with the ability to archive messages, voice, video, and chat.
SafeGuard Cyber customers include some of the biggest names in financial services, pharmaceuticals, healthcare, education, technology, government, sports, media, and entertainment. They use SafeGuard Cyber to communicate directly with customers over Zoom, WhatsApp, and WeChat in a secure and compliant manner enabling authentic social selling solutions.