Future of Work News

SafeGuard Cyber Secures $45 Million in Latest Investment Round


Digital risk protection provider SafeGuard Cyber has  received $45 million in equity and funding during the company’s most recent investment round. The majority of the new funds come from NightDragon, as well as contributions from Cisco Investments and Allegis Cyber.

SafeGuard says the investment will go directly toward business expansion, as well as technological development. The demand for digital security services has jumped dramatically over the last year, and the company expects this new support will help address the increasing demand.

“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,” said SafeGuard Cyber CEO and co-founder Jim Zuffoletti.  “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."

SafeGuard’s primary business focus is to provide customers with heightened digital security for cloud and remote applications. The growing dependence on social media and digital communications to support work activity during the pandemic has created new risks for employers, and many businesses are scrambling to add additonal layers of network protection. It will remain a high priority are remote work remains part of the new post-pandemic work reality.

“SafeGuard Cyber offers a one-of-a-kind solution for any business or individual using cloud-based applications today,” said Dave DeWalt, Founder/Managing Director of 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.”

Edited by Erik Linask

Future of Work Contributor

Related Articles

Four Steps to Hybrid Workplace Success

By: Special Guest    6/14/2021

After the initial network overhaul that many rushed through to enable work from home at the start of the pandemic, organizations across EMEA now have …


Personalized and Productive Contextual CX in a Digital Hybrid World Blending Bots and Live Agents

By: Matthew Vulpis    5/17/2021

While contact center technology has matured and new approaches to improving Customer Experience (CX) are well underway, driven in part by the impact o…


Beware of the Return to Office: How Organizations Can Protect Against Pandemic Sleeper Threats

By: Special Guest    5/17/2021

As organizations get closer to implementing return-to-work plans, most employees are excited about getting back into an office routine. They miss thei…


Alcatraz AI and Netronix Integration Team Up for Facial Authentication Solutions

By: Luke Bellos    5/14/2021

Alcatraz AI and Netronix Integration have announced a new strategic partnership that will bring Alcatraz's facial authentication solutions to customer…


Integrating the Longer-term Home Office into your Hybrid Workplace

By: Special Guest    5/10/2021

Finally, there is a light at the end of the pandemic tunnel. As we get closer to the easing of lockdowns and social restrictions, many organizations a…