Strategic Cyber Ventures, a prominent VC firm focusing on cybersecurity, has proudly announced its latest investment in Evo Security.
The firm has invested a sum of $1m into Evo Security’s newest funding round.
Evo Security specialises in crafting enterprise-level identity and access management tools, specifically designed for IT Managed Service Providers (MSPs). Their products aim to meet the stringent demands of MSPs, ensuring secure identity verification and access across crucial MSP systems.
While the specific utilisation of the funds hasn’t been detailed, Strategic Cyber Ventures’ commitment indicates a reinforcement of their dedication to enhancing national security. Their focus remains on supporting nascent cybersecurity enterprises and nurturing innovations pivotal for safeguarding the nation.
The Washington D.C.-based venture capital firm is on a quest to identify pioneering startups that can significantly influence the realm of national cybersecurity. Their support extends beyond monetary investment, with the firm leveraging its expansive industry network and experience to assist startups from their nascent stage to their eventual exit.
Evo Security’s Founder & CEO, Michael Roth said, “The first time I met Chris and Hank at Strategic Cyber Ventures, I knew I wanted to partner with them. Their depth of knowledge, experience, and overall astuteness on all things cyber was an obvious value add. I was also impressed with their industry advisors, who were already starting to help us craft ways to up-level before SCV even invested. I’m incredibly grateful and excited for the opportunity to build Evo Security with a security-focused partner like SCV.”
Hank Thomas, Founder & CEO at Strategic Cyber Ventures, commented, “We are excited to support Evo Security in their mission to help MSPs make their identity and access management safer. Their innovative approach to cybersecurity aligns perfectly with our investment strategy, and we believe this partnership will yield significant advancements in the IAM industry.”
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