# Fugue

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fugue

- Industry: IT Infrastructure
- Headquarters: Frederick, US
- Website: www.fugue.co
- Total disclosed funding: $74M
- Latest round: Series D (Jan 5, 2017)
- Investors on record: 4

## About

Fugue, Inc. specializes in cloud security solutions, providing tools to help organizations manage and secure their cloud environments effectively. Their offerings focus on compliance and risk management for cloud infrastructures.Founded in 2012 in Frederick, US, Fugue, Inc. offers solutions to secure cloud environments. The company was co-founded by Dave Fugel, Josh Stella, and Patrick Pijnappel, with Josh Stella serving as the current CEO. In February 2022, Fugue, Inc. was acquired by Snyk Limited, which has a diverse portfolio of investors including New Enterprise Associates and Tiger Global Management. The acquisition further enhances Snyk's entry into the cloud security market, which is rapidly expanding. Fugue has completed a total of 6 deals, with its latest funding round being a Series D, raising USD 41.00 mn led by New Enterprise Associates, bringing the total amount raised to USD 41.00 mn.Fugue offers a robust suite of cloud security solutions, enabling organizations to enforce compliance and manage risks effectively in their cloud environments. Its products focus on continuous monitoring, automated security policy enforcement, and visibility into cloud resources. These services target a wide range of industries, providing clients with tools to maintain compliance with regulatory standards and manage operational risks associated with cloud infrastructures.Fugue generates revenue primarily through subscription-based models, including various pricing plans tailored to meet the needs of both individual developers and enterprise clients. This transactional structure allows businesses to access Fugue's services via tiered subscription plans, each designed to deliver specific compliance and risk management capabilities. The pricing models reflect the value of Fugue's tailored solutions and ongoing support that customers receive, ensuring effective security integration within their cloud environments.Following its acquisition by Snyk in February 2022, Fugue plans to leverage its new position to penetrate the growing cloud security market, projected to reach USD 77.5 billion by 2026. The company is focused on developing new products aimed at advancing cloud security capabilities, with specific launches expected within the next year. Additionally, Fugue intends to expand its market presence in North America and Europe, utilizing the recent funding from the Series D round to enhance product development and outreach efforts.

## Funding rounds

- Series D, Jan 5, 2017, $41M — New Enterprise Associates, Future Fund, Maryland Venture Fund
- Series C, Jan 13, 2016, $20M — New Enterprise Associates, Core Capital Partners
- Series B, Aug 14, 2014, $10M — New Enterprise Associates, Core Capital Partners, Maryland Venture Fund
- Series A, Mar 24, 2014, $2.7M — Maryland Venture Fund

## Investors

- Maryland Venture Fund (https://capitalatlas.ai/funds/maryland-venture-fund) — Series A, Series B, Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C, Series D
- Core Capital Partners — Series B, Series C
- Future Fund — Series D