Social SafeGuard Raises $11 Million

Digital risk protection software provider Social SafeGuard acquired $11 million in Series B funding from AllegisCyber and NightDragon Security.

Founded in 2014, the company designs cloud-based software to manage the full life cycle of digital risk protection so enterprises can detect, analyze and prevent attacks in real time – while automating governance and compliance. According to the company, the Social SafeGuard platform helps security, risk, compliance, and brand leaders protect their company’s presence across 50 digital and social channels by stopping the spread of fake accounts, fake news, brand impersonation, social phishing, malware, and spam across digital and social channels.

Social SafeGuard plans to use the funds to expand its platform and go-to-market activity.