What is Evo Security?
Evo Security operates as a channel-only platform provider, specializing in Unified Privileged Access Management (UPAM) and Multi-Factor Authentication (MFA). Their comprehensive platform integrates MFA/SSO, Technician Elevation, Application Allowlisting, and Workgroup Control, addressing critical security gaps for businesses. Based in Austin, Texas, Evo Security is positioned to capitalize on the growing market for advanced identity and access management solutions, particularly within the cybersecurity landscape.
How much funding has Evo Security raised?
Evo Security has raised a total of $9.9M across 2 funding rounds:
Angel/Seed
$3.9M
Series A
$6M
Angel/Seed (2022): $3.9M with participation from Sorenson Capital, Secure Octane, and Inner Loop Capital
Series A (2024): $6M led by TechOperators, Sorenson Capital, Prelude Therapeutics, and Strategic Cyber Ventures
Key Investors in Evo Security
TechOperators
TechOperators is a venture capital firm focused on early-stage cybersecurity companies, investing in Seed and Series A rounds to support technical founders and innovative solutions in areas like AI security and threat intelligence.
Sorenson Capital
Sorenson Capital partners with B2B product-first founders in sectors including cybersecurity, investing in software companies from seed to scale and providing technical expertise and go-to-market support.
Strategic Cyber Ventures
Strategic Cyber Ventures is a venture capital firm based in Washington D.C. that invests in rapidly growing cybersecurity, privacy, and resiliency technology companies, bridging commercial technology with security challenges.
What's next for Evo Security?
The recent major strategic investment signifies a pivotal moment for Evo Security, likely enabling accelerated product development, expansion of its channel partner network, and increased market penetration. This Series A financing suggests the company is moving beyond its initial development phase and is poised for significant scaling. The backing from specialized cybersecurity investors indicates confidence in Evo Security's technology and its potential to capture a larger share of the enterprise security market. Future initiatives may include enhancing its platform's AI capabilities and broadening its geographic reach.
See full Evo Security company page
