Evo Security, a leading provider of Identity and Access Management solutions for Managed Service Providers (MSPs), announced the successful completion of its Series A funding round – raising $6 million led by TechOperators, an Atlanta-based cybersecurity venture capital firm led by industry veterans. This funding round includes participation from Sorenson Capital, Prelude, Strategic Cyber Ventures, Inner Loop Capital, and new partner MetroSITE Group.
This funding round will enable Evo Security to accelerate its growth, enhance its consolidated product offerings, and expand market presence. And the funding round will also support the company’s efforts in driving unique innovation and reinforcing its commitment to providing advanced identity and privileged access solutions for MSPs and their SMB customers.
TechOperators – known for its strategic investments and strong track record of supporting high-growth technology companies – especially those focused on serving MSPs, recognized Evo Security’s potential and market leadership. And the firm’s funding round will provide Evo Security with the resources and expertise needed to scale operations and further develop its innovative identity platform.
Based in Austin, Texas, Evo Security is rapidly emerging as a trusted name in the cybersecurity MSP industry. And the company’s platform empowers MSPs to protect themselves, and their customers from the most common cyber attacks, and simultaneously delivers a new revenue stream to MSPs.
KEY QUOTES:
“We are genuinely thrilled to partner with TechOperators as we embark on this exciting new chapter of growth. This investment is a testament to the hard work and dedication of our team and the trust our MSP Partners place in us. With TechOperators’ support, we are well-positioned to advance our mission of delivering a market leading, consolidated identity and privileged access management platform to our MSP Partners and their SMB customers.”
– Michael Roth, CEO of Evo Security
“MSPs and their small business customers are on the frontlines of escalating attacks by increasingly sophisticated adversaries. We invested in Evo’s vision and commitment to help even the odds. We are excited to help Evo accelerate their plans to address the unique identity and privileged access management issues that face MSPs and are not addressed by large enterprise providers. We look forward to supporting Evo Security as they continue to innovate and grow.”
– Daniel Ingevaldson, General Partner at TechOperators
