Evo Security Raises $3.9 Million in Seed Round  

by Kay Aloha Villamor in January 19th, 2022

Evo Security, an Austin, Texas-based first company to build a comprehensive Identity and Access Management (IAM) solution engineered specifically for Managed Service Providers (MSPs) and their SMB customers, announced a $3.9 million Seed funding.

The round was led by Sorenson Ventures, Inner Loop Capital, Secure Octane, Channel Angels, and multiple strategic angels rounding out the syndicate.

The round will help advance existing capabilities, expand product features, and build a world-class partner success and support team.

Company: Evo Security, Inc.

Raised: $3.9M

Round: Seed Round

Funding Month: January 2022

Lead Investors: Sorenson Ventures, Inner Loop Capital, Secure Octane, and Channel Angels

Additional Investors:

Company Website: https://www.evosecurity.com/

Software Category: Security platform

About the Company: Founded by tenured entrepreneur, engineer, and investor, Michael Roth, Evo is a cybersecurity SaaS company that offers a multi-factor authentications solution called Evo MFA, which is designed specifically for MSP's, MSSP's, VAR's and Distributors/Agents as a re-sellable, white-labeled solution for their SME and SMB customers. Evo Security is an early-stage cybersecurity startup built by proven entrepreneurs, engineers, and channel experts who deeply understand the unique challenges of MSPs and their small-to-medium business (SMB) customers. Evo Security provides a security platform that enables MSPs to manage IAM using a multi-tenant, highly scalable architecture that combines MFA, SSO, PAM, and Password Management.

Source: https://www.prnewswire.com/news-releases/evo-security-announces-3-9m-series-seed-round-to-solve-iam-for-msps-and-their-smb-customers-301462395.html



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