Nudge Security Receives Seed Extension From Forgepoint Capital; Round Totals $16.5M

Nudge Security, a San Francisco, CA-based provider of modern SaaS security and governance, raised a Seed extension funding.

Forgepoint Capital joined Ballistic Ventures in this additional round, which brought the total amount raised to date to $16.5M. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Security board.

The company intends to use the funds to expand operations and its development efforts.

Founded in 2021 by Russell Spitler and Jaime Blasco, Nudge Security helps modern organizations manage SaaS security and governance at scale by enabling IT and security teams to regain control of their security posture and minimize time spent on manual administration tasks. The company can also automate “nudges” to end users to share acceptable use guidance or suggest already approved AI alternatives as soon as new AI accounts are detected. Additionally, Nudge Security is a SaaS security solution that provides visibility into the AI supply chain, showing which AI applications are used in the digital supply chains of each SaaS provider. With this visibility, customers can readily understand where AI dependencies could introduce risks.

Since coming out of stealth, the company has experienced growth, averaging 115% Q/Q revenue growth and acquiring more than 100 customers in just 18 months. Nudge Security has discovered over 38,000 unique SaaS applications in customer environments to date. Customers include cloud-native organizations and IT and security teams from industries spanning financial services, healthcare, biotechnology, entertainment, and more.