Who is the CEO of UpGuard?

Mike Baukes is the CEO of UpGuard. The company was founded in 2012.

What funding stage is UpGuard at?

UpGuard is currently at the Growth Stage stage.

How many employees does UpGuard have?

UpGuard has approximately 101-500 employees.

UpGuard

AI-powered Cyber Risk Posture Management (CRPM) platform that unifies vendor risk, attack surface monitoring, and workforce security. UpGuard was founded in 2012. The company is led by Mike Baukes. Based in Mountain View, California, United States (HQ); Hobart, Tasmania, Australia (co-HQ). Team size: 101-500. Total funding raised: $121M. Latest round: Series C. Key investors include Springcoast Partners, August Capital, Square Peg Capital, Pelion Venture Partners, IAG Firemark Ventures, Valar Ventures.

Founded: 2012
Headquarters: Mountain View, California, United States (HQ); Hobart, Tasmania, Australia (co-HQ)
Team size: 101-500
Total funding: $121M

Value proposition

AI-driven platform that unifies fragmented cybersecurity risk management (vendor, breach, user) into a single view, automating manual assessments and threat triage to save thousands of hours while providing real-time visibility into cyber risk posture.

Products and solutions

Vendor Risk (AI-powered TPRM), Breach Risk (external attack surface monitoring), User Risk (shadow AI and workforce security), Trust Exchange (security posture sharing), Risk Automations (AI-driven GRC engineering), AI Security Center

Unique value

The only unified AI-powered Cyber Risk Posture Management platform that correlates risk across vendors, attack surface, and workforce — giving lean security teams enterprise-grade visibility and automated remediation in one platform.

Target customer

Mid-market to enterprise security teams, CISOs, and GRC professionals; organizations needing third-party vendor risk management, attack surface monitoring, and workforce security

Industries served

Financial Services, Technology, Healthcare, Education, Government

Technology advantage

AI GRID (Global Risk Inference Domains) engine; 16+ patents; processes 100B+ risk signals daily; 23B+ tokens processed for AI risk assessments; 70K+ AI risk assessments and 700K+ AI autofill questionnaires completed; AI Threat Analyst triages 90% of 483K+ breach signals automatically

How they differentiate

Unified AI-powered Cyber Risk Posture Management (CRPM) platform that correlates risk across vendor ecosystem, external attack surface, and workforce — three traditionally siloed areas. Core AI engine (AI GRID) fuses billions of signals with AI analysts and agents for live posture visibility. Processes 100B+ risk signals daily and 23B+ tokens for AI-driven assessments. Differentiated from point-solution competitors by unifying TPRM, breach monitoring, user risk, and trust exchange in one platform.

Main competitors

BitSight, SecurityScorecard, Black Kite

Key partnerships

OneTrust (TPRM integration), Jira Cloud (native integration), ServiceNow (incident integration), Slack (partnership), BofA Securities (placement agent on Series C)

Notable customers

New York Stock Exchange, PagerDuty, Lendlease, Tech Mahindra, Aware Super, Superloop, NSW Government, USO, Schrodinger, Tata Technologies

Major milestones

Founded 2012 as ScriptRock in Startmate accelerator, Sydney, Moved to Silicon Valley 2012, Rebranded to UpGuard, Secured 2B+ sensitive data leaks for Facebook, Amazon, Tesla, GoDaddy, Raised $75M Series C in Feb 2026, Ranked #1 for TPRM on G2 for 15 consecutive quarters, Named Top 100 Global Software Company in G2 2026 Best Software Awards, Trusted by 50K+ organizations across 90+ countries

Growth metrics

Trusted by 50K+ organizations in 90+ countries; 2,000+ paying customers; 327-372 employees across 14 countries; processes 100B+ risk signals daily; 128% sales growth (2020); 179% new customer growth (2020)

Market positioning

Category leader in Third-Party and Supplier Risk Management on G2 for 15 consecutive quarters; ranked #1 for TPRM and Top 100 Global Software Company in G2 2026 Best Software Awards

Geographic focus

Global (90+ countries), with strong presence in North America, Australia, and expanding internationally

Patents and IP

16+ patents assigned to UpGuard, Inc. covering configuration management, network security scanning, and consensus-based policy enforcement across computer nodes

About Mike Baukes

Co-founded ScriptRock (co-CEO, 2011-2016); Senior leadership roles in enterprise strategy, architecture and solution design at Lloyds Banking Group, E*Trade, and Commonwealth Bank of Australia

Latest news about UpGuard

Cybersecurity firm UpGuard secured $75 million in Series C funding led by Springcoast Partners to expand its AI-driven Cyber Risk Posture Management platform across global markets. The company's AI ha

More AI in Cybersecurity companies

Official website: https://www.upguard.com