AUSTIN,
Texas, July 24, 2024 /PRNewswire/ -- Evo
Security, a leading provider of Identity and Access Management
solutions for Managed Service Providers (MSPs), is pleased to
announce the successful completion of its Series A funding round,
raising $6 million led by
TechOperators, a cybersecurity venture capital firm led by industry
veterans, based in Atlanta,
Georgia. The round includes participation from Sorenson
Capital, Prelude, Strategic Cyber Ventures, Inner Loop Capital, in
addition to new partner MetroSITE Group.
This capital infusion will enable Evo Security to accelerate its
growth, enhance its consolidated product offerings, and expand
market presence. The investment will also support the company's
efforts in driving unique innovation and reinforcing its commitment
to providing best of breed identity and privileged access solutions
for MSPs and their SMB customers.
"We are genuinely thrilled to partner with TechOperators as we
embark on this exciting new chapter of growth," said Michael Roth, CEO of Evo Security. "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."
TechOperators, known for its strategic investments and strong
track record of supporting high-growth technology companies,
particularly those focused on serving MSPs, recognized Evo
Security's potential and market leadership. The firm's investment
will provide Evo Security with the resources and expertise needed
to scale operations and further develop its innovative identity
platform.
"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,"
said Daniel Ingevaldson, General
Partner at TechOperators. "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."
Evo Security, headquartered in Austin,
Texas, is rapidly emerging as a trusted name in the
cybersecurity MSP industry. 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.
For more information about Evo Security and its solutions,
please visit https://evosecurity.com
About Evo Security
Evo Security is a leading cybersecurity SaaS company based in
Austin, Texas, dedicated to
providing best in class solutions that protect MSPs and their SMB
customers from evolving identity-based cyber threats. With a focus
on quality, innovation, and unwavering MSP support, Evo Security
offers a consolidated identity platform designed to safeguard
critical digital assets and ensure small and medium business
livelihoods are protected.
About TechOperators
TechOperators is a venture capital firm based in Atlanta, Georgia, specializing in investments
in high-growth cybersecurity companies. With a team of highly
experienced operators and a proven track record of success,
TechOperators partners with Seed and Series A companies to provide
the capital and strategic support needed to drive real and lasting
success.
For more information on Evo Security, please visit
https://evosecurity.com or follow us on LinkedIn.
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SOURCE Evo Security, Inc.