TLDR:
Nudge Security has secured $16.5 million in funding from Forgepoint Capital and Ballistic Ventures. The company provides SaaS security and governance solutions and has seen rapid growth since coming out of stealth. Nudge Security has discovered over 38,000 unique SaaS applications in customer environments.
Article Summary:
Nudge Security, a leading provider of modern SaaS security and governance, has announced new funding of $16.5 million from Forgepoint Capital and Ballistic Ventures. This brings the total seed funding for the startup to $16.5 million. Alberto Yépez, Co-Founder and Managing Director of Forgepoint Capital, will join the Nudge Security board.
Since emerging from stealth, Nudge Security has experienced significant growth, with an average of 115% quarter-over-quarter revenue growth and over 100 customers in just 18 months. The company has identified more than 38,000 unique SaaS applications in customer environments, showcasing the widespread use of SaaS in organizations.
Nudge Security aims to address the challenges presented by generative AI and has identified over 500 unique generative AI applications in customer environments. The company offers patented SaaS discovery, third-party risk management, SaaS identity management, and SaaS governance solutions.
To date, Nudge Security has shipped 43 feature releases in the last 12 months and plans to use the new investment to continue innovating and scaling their product offerings. The company’s focus on empowering IT and security teams to manage SaaS security and governance at scale sets them apart in the market.
Nudge Security offers a 14-day free trial to provide customers with immediate visibility into all SaaS applications in use within their organization. The company’s partnership with Forgepoint Capital and Ballistic Ventures highlights the confidence in their innovative approach to SaaS security and governance.
