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). The company's platform integrates essential security features including MFA/SSO, technician elevation, application allowlisting, and workgroup control. Based in Austin, Texas, Evo Security focuses on delivering comprehensive access management solutions through its partner ecosystem, catering to businesses seeking robust security for privileged accounts and user authentication.
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, Inner Loop Capital, and Secure Octane
Series A (2024): $6M led by TechOperators, Sorenson Capital, Strategic Cyber Ventures, and Prelude Therapeutics
Key Investors in Evo Security
TechOperators
TechOperators is a leading early-stage venture capital firm specializing in cybersecurity, focusing on backing technical founders and category-defining companies in areas such as AI security, cloud security, and threat intelligence. The firm invests between $3-6M in Seed and Series A cyber startups across the U.S., leveraging over 30 years of industry experience and a strong network for sourcing opportunities.
Sorenson Capital
Sorenson Capital collaborates with B2B product-first founders to revolutionize the way businesses operate, focusing on cybersecurity, applications, analytics, ML, AI, DevTools, and computing infrastructure. They invest in B2B software companies at various stages, offering technical expertise and support beyond board meetings.
Strategic Cyber Ventures
Strategic Cyber Ventures (SCV) is a Washington D.C. based venture capital firm that invests in rapidly growing cybersecurity, privacy, and resiliency focused technology companies. The SCV team brings an expert, more modern venture capital experience to startup founders and the broader investment ecosystem.
What's next for Evo Security?
The recent major strategic investment signifies a pivotal moment for Evo Security, likely enabling the company to accelerate its product development, expand its market reach, and enhance its channel partner programs. This capital infusion, part of a larger enterprise-level funding initiative, positions Evo Security for significant growth within the competitive cybersecurity landscape. The company's focus on a channel-only model suggests a strategy aimed at leveraging partner networks for broader adoption and deeper market penetration, particularly in the Unified Privileged Access Management and MFA sectors.
See full Evo Security company page
