# Upfort

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

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: www.meetpaladin.com
- Total disclosed funding: $12M
- Latest round: Series A (Oct 26, 2023)
- Investors on record: 17

## About

Upfort delivers advanced cybersecurity and insurance solutions through its Upfort Shield brand, providing organizations with proactive protection against cyber threats and comprehensive insurance coverage to enhance their security posture.Founded in 2017, Upfort is based in San Francisco, US, focusing on cybersecurity solutions. The company has completed 4 deals, with the most recent funding round on October 26, 2023, raising USD 8.000 mn in Series A funding led by SYN Ventures, alongside participation from other investors. The founders include Han Wang, Josh Riley, and Xing Xin, with Xing Xin currently serving as the CEO.Upfort offers a comprehensive suite of cybersecurity and insurance solutions under the Upfort Shield brand. The core products include proactive turnkey cybersecurity measures for autonomous protection against cyber attacks, alongside extensive insurance coverage from leading insurers. Upfort Shield specifically targets risks associated with ransomware and data breaches by utilizing intelligent automation and AI-powered tools. The company serves a diverse client base across multiple regions, including North America and select areas in Europe, addressing the needs of enterprises requiring scalable security solutions.Upfort generates revenue primarily through the sale of cybersecurity solutions and associated insurance products, typically on a subscription basis. Clients engage with Upfort for ongoing services and coverage, benefiting from automated underwriting processes that streamline onboarding. The company’s flagship offerings, including Upfort Shield and AI-driven security tools, ensure continuous protection for users and enhance organizational resilience.In October 2023, Upfort raised USD 8.000 mn in Series A funding, which will be utilized to advance its growth towards cyber resilience and expand operations. Upcoming product launches are planned to enhance their offerings, and the company aims to target new markets in Europe and Asia by the end of 2024. The recent funding will support these initiatives and broaden Upfort's business reach.

## Funding rounds

- Series A, Oct 26, 2023, $8M — Eniac Ventures, Gaingels, Fika Ventures, Cyber Mentor Fund, SYN Ventures, Altai Ventures, Chaos Ventures, Aquila Capital Partners
- Seed, Oct 9, 2018, $3.6M — Aquiline Capital Partners, Lightbank, Y Combinator, Haystack, Clocktower Technology Ventures, Hemi Ventures, Ground Up Ventures, Argo Ventures, Sutardja Center for Entrepreneurship & Technology

## Investors

- Aquiline Capital Partners (https://capitalatlas.ai/funds/aquiline-capital-partners) — Seed
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Hemi Ventures (https://capitalatlas.ai/funds/hemi-ventures) — Seed
- Ground Up Ventures — Seed
- Argo Ventures — Seed
- Sutardja Center for Entrepreneurship & Technology — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Fika Ventures (https://capitalatlas.ai/funds/fika-ventures) — Series A
- Cyber Mentor Fund (https://capitalatlas.ai/funds/cyber-mentor-fund) — Series A
- SYN Ventures (https://capitalatlas.ai/funds/syn-ventures) — Series A
- Altai Ventures (https://capitalatlas.ai/funds/altai-ventures) — Series A
- Chaos Ventures (https://capitalatlas.ai/funds/chaos-ventures) — Series A
- Aquila Capital Partners (https://capitalatlas.ai/funds/aquila-capital-partners) — Series A