Nightfall AI, a San Francisco, CA-based provider of a cloud data loss prevention platform, raised $40M in Series B funding.
The round was led by WestBridge Capital, with participation from Next Play Capital, Bain Capital Ventures, Venrock, Pear VC, Paul Rudd, Drew Brees, and Josh Childress. Sumir Chadha, co-founder and managing partner at WestBridge Capital, joined the company’s Board of Directors.
The company intends to use the funds to scale its reach to more customers and markets, expand its integration and partner ecosystem, and advance the platform with new products and use cases that customers want.
Nightfall uses machine learning to detect sensitive data with high accuracy, across applications like Slack, Salesforce, Atlassian, and GitHub, and automatically fixes data exposure and hygiene issues without end-user impact. The company has a comprehensive SaaS data protection platform, as well as the Nightfall Developer Platform, an open, flexible platform for developers to integrate its data classification and protection capabilities anywhere. The platform delivers its detection engine as a set of cloud-hosted APIs and SDKs.
The company has also launched partnerships with Snyk, Cribl, Virtru, Hanzo, and more to expand its partner capabilities by embedding Nightfall’s detection capabilities into their offerings.
FinSMEs
10/08/2022