Evo Security, an identity and access management solution, has scored $3.9m in its seed funding round.
Sorenson Ventures, Inner Loop Capital, Secure Octane, Channel Angels and several angel investors supplied the capital.
With the funds, the company will bolster its existing capabilities, expand its product features and deepen its partner success and support team.
Evo Security was founded by Michael Roth with the aim to fix overlooked challenges MSPs face when managing identity access management (IAM) for their customers.
Based in Texas, the platform helps MSPs and SMEs to protect their operations. The technology can stop phishing password hacks, brute force attacks, ransomware and more. Its platform also empowers the remote workforce
Evo Security founder and CEO Michael Roth said, “Identity and Access Management is not new for the enterprise, but it is for over half of MSPs and their SMB customers around the world.
“With the attack surface expanding rapidly into the SMB space, and IAM emerging as the cornerstone of a zero-trust approach, it’s time MSPs have a purpose-built solution that can easily fit into their managed stack. We’re incredibly excited to draw a line in the sand and serve our MSP Partners in a way that is long overdue.”
Copyright © 2018 RegTech Analyst
