Total amount raised
$60.3 Million
Latest funding date
08/01/2022
Location
Nightfall has raised funding over four rounds, with the latest being a Series B round led by WestBridge Capital. The company is backed by 21 investors, including notable names like Next Play Capital and Paul Rudd.
Nightfall's platform leverages AI to provide comprehensive data security and loss prevention solutions, ensuring sensitive data is protected across various environments. Keep reading to explore the intricacies of Nightfall's fundraising journey and the investors backing this innovative platform.
What Is Nightfall?
Nightfall is a cloud data protection platform based in San Francisco, California. The company leverages machine learning to identify and detect business-critical data, ensuring comprehensive data security and loss prevention.
Operating within industries such as analytics, AI, cloud data services, data center automation, machine learning, and SaaS, Nightfall employs between 101 and 250 people. The platform is designed to prevent sensitive data exposure and exfiltration across various environments, including SaaS, endpoints, email, browsers, and AI apps.
How Much Funding Has Nightfall Raised?
- Pre-seed Funding Round
- Amount Raised: Not publicly disclosed
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial development and operations of the company.
- Seed Funding Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Series A Funding Round
- Amount Raised: USD 20,300,000
- Date: November 2019
- Lead Investors: Bain Capital Ventures, Venrock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market reach.
- Series B Funding Round
- Amount Raised: USD 40,000,000
- Date: August 2022
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To hire new talent, add product integrations, and reach more customers.
Total Amount Raised: USD 60,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a leading investment firm that focuses on growth investments in India and the U.S. Sumir Chadha, co-founder and managing partner at WestBridge Capital, has joined Nightfall AI’s Board of Directors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, Delhivery, Oyo Rooms.
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, investing in early to growth-stage companies across various sectors. Enrique Salem, a partner at Bain Capital Ventures and former CEO of Symantec, serves as a Nightfall board member.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, DocuSign, Jet.com.
- Venrock
- Details: Venrock is a venture capital firm originally established as the venture arm of the Rockefeller family, investing in technology and healthcare companies. The firm has a long history of backing transformative companies.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Apple, Intel, Illumina.
- Pear VC
- Details: Pear VC is an early-stage venture capital firm that partners with founders from the earliest stages of their companies. The firm is known for its hands-on approach and strong founder support.
- Investment Focus Areas: Technology, consumer products.
- Notable Investments: DoorDash, Guardant Health, Gusto.
- Next Play Capital
- Details: Next Play Capital is a venture capital firm that participated in Nightfall's Series B funding round. The firm focuses on investing in innovative technology companies.
- Investment Focus Areas: Technology, innovation-driven companies.
- Notable Investments: Not publicly disclosed.
What's Next for Nightfall?
Nightfall is poised to capitalize on the growing demand for cloud-native data protection solutions. With $40 million in Series B funding, the company plans to double its headcount and expand its product integrations, reaching more customers and markets. This significant financial backing positions Nightfall to further develop its platform and enhance its capabilities.
Future fundraising opportunities seem promising, given the successful Series B round and the involvement of high-profile investors. As Nightfall continues to grow, additional funding rounds could support further expansion and technological advancements. However, the company may face challenges such as competition from other data protection platforms and managing rapid growth while ensuring high accuracy in data detection.
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