CyberQP (Formerly Quickpass): Privileged Access Management Company Raises $12 Million

By Amit Chowdhry • Apr 30, 2023

CyberQP (formerly known as Quickpass Cybersecurity) – a leading provider of Privileged Access Management and Helpdesk Security Automation for MSPs – announced that it has officially rebranded and it raised an additional $12 million from its financial partner Arthur Ventures to continue to bring Privileged Access Management to MSPs.

The additional funding from Arthur Ventures will enable CyberQP to continue to grow its offerings and expand its reach to more MSPs all over the world. And the company and its investors are fully committed to the MSP community and believe that MSPs are the only group of people who can secure SMBs.

CyberQP has been dedicated to helping MSPs and their customers protect critical assets. And their Privileged Access Management and Helpdesk Security Automation provide comprehensive security solutions that are essential for MSPs to protect against cyber threats.

The company’s suite of products offer automated security for administrative accounts, eliminating shared passwords with the just-in-time password solution. And companies can discover high-risk accounts that hackers could exploit, all built into QGuard.

CyberQP is considered easy to set up and it works across multiple environments, enabling you to visualize your risk and manage solutions. The QDesk product is the company’s help desk security automation tool – which reduces inbound password resets by up to 90% and it offers self-service password reset through biometrics. With more than a thousand MSPs worldwide, CyberQP is trusted by the community to implement a zero-trust model for help desks.

Here is a description about the company:

KEY QUOTES:

“The ‘Quickpass Cybersecurity’ name took us far, but as our product evolved it stopped accurately portraying what we did. Our new name helps clarify what we are here to do: help MSPs with Privileged Access Management.”

“We are thrilled to have the continued support of Arthur Ventures and their confidence in our ability to help MSPs protect their customers. This funding will help us continue to develop innovative solutions and provide top-tier security services to MSPs.”

  • CEO Mateo Barraza