# Tugboat Logic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tugboat-logic

- Industry: Software
- Headquarters: Burlingame, US
- Website: www.tugboatlogic.com
- Total disclosed funding: $9M
- Latest round: Series A (Jun 26, 2020)
- Investors on record: 2

## About

Tugboat Logic Inc., based in the US, provides a comprehensive Security Assurance Platform that enhances risk management and security functions for organizations globally, helping them navigate cyber threats and ensure compliance with regulations.Tugboat Logic Inc. specializes in security assurance solutions, having been founded in 2017 in Burlingame, US. The company has secured funding through 6 deals, with the most recent being a Series A round on September 21, 2021, raising USD 0.590 mn from investors including Inovia Capital and WestWave Capital. The company was acquired by OneTrust LLC, a portfolio company of Coatue Management, Franklin Templeton, Insight Partners, SB Investment Advisers, and TCV.Tugboat Logic, now part of the OneTrust GRC & Security Assurance Cloud, offers a comprehensive Security Assurance Platform designed to enhance risk management and security functions for organizations globally. The platform integrates various tools and services aimed at helping businesses maintain resilience against cyber threats and comply with security regulations. Key functionalities include risk assessments, policy management, and vendor risk management, which are tailored to meet the needs of companies across multiple sectors. The offerings primarily serve mid-sized to large enterprises across North America, Europe, and Canada, focusing on industries that require stringent security postures due to regulatory demands. Notable clients include companies in technology, finance, and healthcare, which utilize these solutions to streamline their security operations and ensure compliance with evolving regulatory landscapes.Tugboat Logic generates revenue primarily through subscription-based models, providing its clients with ongoing access to its Security Assurance Platform. Clients typically engage in annual contracts that encompass a range of services, including access to software tools and customer support. The pricing structure is tiered based on the size of the organization and the specific services selected, allowing for scalability as clients' security needs evolve. These transactions are structured as B2B agreements, with organizations leveraging the platform to enhance their security measures and improve overall risk management. The company focuses on delivering high-value solutions, fostering long-term partnerships with its clients to ensure they can effectively navigate the complexities of modern cybersecurity challenges.In September 2021, Tugboat Logic was acquired by OneTrust LLC, which indicates a strategic move towards enhancing its product offerings and expanding its market reach. Going forward, Tugboat Logic aims to develop new functionalities within its Security Assurance Platform and expand into additional markets in Europe and Asia by 2023. The recent funding from its Series A round will support these initiatives by providing resources for product development and market entry strategies.

## Funding rounds

- Series A, Jun 26, 2020, $0.6M — Inovia Capital, WestWave Capital
- Series A, Jun 25, 2020, $1.9M — Inovia Capital, WestWave Capital
- Series A, Mar 16, 2020, $6.5M — Inovia Capital, WestWave Capital
- Seed, Jun 28, 2019 — WestWave Capital

## Investors

- WestWave Capital (https://capitalatlas.ai/funds/westwave-capital) — Seed, Series A
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A