Fundz

Nightfall Ai Raises $40 Million Series B To Expand Cloud Data

PRIVATEAug 10, 2022

Amount Raised

$40 Million

Round Type

Series B

San FranciscoSoftwareArtificial IntelligenceSecurityCyber SecuritySaasEnterprise SoftwareAnalyticsMachine LearningBig Data

Description

New funds from WestBridge Capital, Next Play Capital, Bain Capital Ventures, and Venrock will be used for hiring, growth, and expanding product integration

Company Information

Company

Nightfall AI

Location

San Francisco, California, United States

About

Nightfall is the cloud data protection platform for every application. Nightfall’s mission is to enable any organization to discover, classify, and protect sensitive data across all of its cloud applications & services. Organizations depend on Nightfall to discover, classify, and protect sensitive data across cloud services via machine learning & natural language processing (NLP). As the industry's first cloud data loss prevention & data classification platform, Nightfall has scaled rapidly to a broad set of customers across the globe, ranging from hyper-growth tech startups to Fortune 100 enterprises. Nightfall's SOC 2 Type 2 compliant platform has been deployed across consumer-facing & highly regulated industries like healthcare, insurance, and education to address data leakage and compliance risks around HIPAA, PCI, and more. Nightfall is backed by Bain Capital Ventures, Venrock, WestBridge Capital, Webb Investment Network, and a cadre of CEOs, professional athletes, and influencers. For more information on Nightfall and Cloud DLP, please visit nightfall.ai or contact us at hello@nightfall.ai.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Nightfall AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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