After a year of tremendous customer growth, Tugboat Logic, Inc. has raised a funding round of US $8M to expand its leadership position in the emerging Security Assurance market. The round was led by Inovia Capital, with participation from Westwave Capital and several leading industry investors such as Tom Noonan (Founder, ISS) and Terry Dolce (Founder, Carbon Black). This new investment will expand the automated compliance capabilities of Tugboat’s Security Assurance Platform, build out a robust channel of security partners, and expand its market-leading customer success infrastructure to ensure Tugboat Logic’s customers reach their InfoSec goals.
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“Enterprises choose Tugboat Logic to solve a sales problem,” said Ray Kruck, CEO and Founder. “Our customers need help knowing what they need to do to pass the security due diligence stage of the sales process. We provide them with the guidance and automation to become audit-ready quickly, and then leverage their security posture with compelling assurance tools to share with their customers.”
“After doing a lot of research for our SOC 2 preparation, Tugboat Logic was a no brainer. They are extremely knowledgeable and simplified a very difficult process. I highly recommend Tugboat Logic to anyone needing to prepare for a SOC 2 audit,” said Jim Burke, Executive Vice President at CheckpointID.
“Without a doubt, Tugboat allowed us to reach our SOC 2 compliance faster than we ever believed we could. This was not only a cost savings for us, but opened new revenue opportunities with customers. The Questionnaire add-on has, in just a few short months, already saved us at least 100 hours and over time, with its machine learning capabilities, it will become even more efficient and save us even more time,” said Karin Cross-Smith, President at Jorsek, makers of easyDITA.
