Data intelligence platform Lionguard nets $10m in funding

Lionguard, an automation platform that offers visibility and protection across IT systems, has netted $10m in funding.

The round was supported by Updata Partners and TDF Ventures, as well as unnamed early-stage investors.

Lionguard is a software-as-a-service platform that claims to unlock the intelligence hidden within IT systems so managed service providers can have an edge. Its automation platform gives unified vision across the IT stack and transforms IT system data into actionable insights.

Companies are alerted to any changes so they can stay on top of their security. The company has around 2,000 partners and supports over 60,000 end customers.

Use cases for Lionguard include customer onboarding, change management, reporting, endpoint visibility, sales assistance, compliance, security and more.

Liongard CEO and co-founder Joe Alapat said, “Since working with our first MSP partners, we’ve seen time and again the power of visibility into IT data, reducing the time they spend researching customer issues and allowing them to respond faster than their peers.

“This investment enables us to continue to achieve our vision of delivering visibility into each element of the IT stack.”

Earlier in the month, data access platform Torsion picked up £1.1m in a funding round. The company automatically monitors who has access to data to prevent potential breaches.

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