Nudge Security Raises $22.5 Million in Series A Funding (SecurityWeek)

The fresh investment will be used to accelerate product innovation and to expand the company’s go-to-market efforts.

Workforce AI and SaaS security and governance startup Nudge Security today announced raising $22.5 million in Series A funding. To date, the company has raised close to $30 million.

The new investment round was led by Cerberus Ventures, with additional support from previous investors Ballistic Ventures, Forgepoint Capital, and Squadra Ventures.

Founded in 2021, Austin, Texas-based Nudge Security has built a platform that focuses on securing AI and SaaS at what it calls “the Workforce Edge”. The company raised $7 million in seed funding in April 2022 and officially launched in October 2022.

Nudge Security’s solution provides automated, policy-based protections designed to reach employees wherever they are in real-time, direct them to approve applications, and help address identity security gaps.

According to the company, its solution delivers visibility into apps, users, integrations, and non-human identities, uncovers risky integrations and overly permissive AI data access, and provides insights into supply chain breaches and vendor weaknesses.

The platform provides organizations with visibility and control over users’ AI prompts, browser activity, and file-sharing risks, and performs assessments of configuration settings to identify gaps and risky integrations.

Organizations can try Nudge Security’s platform for free for 14 days to obtain a full inventory of their SaaS and AI. The trial is completely self-driven, the company says.

Nudge Security will use the fresh investment to fuel product innovation and to expand its go-to-market efforts.

“The difference between AI apps and SaaS has all but disappeared — almost every app has embedded AI capabilities, agents, and integrations. In order to secure workforce AI use at scale, you need to consider the entire SaaS ecosystem, including all SaaS and AI tools, their integrations, and the non-human identities that connect them,” Nudge Security co-founder and CEO Russell Spitler said.