CyberQP (previously known as Quickpass), a Vancouver, Canada-based company that offers privileged access management and security automation for MSPs, secured an additional $12 million in funding.
The investment was from its financial partner, Arthur Ventures, to continue to bring Privileged Access Management to MSPs.
The additional funding from Arthur Ventures will help CyberQP continue to grow its offerings and expand its reach to more MSPs all over the world. The company and its investors are fully committed to the MSP community and believe that MSPs are the only group of people who can secure SMBs.
"We are thrilled to have the continued support of Arthur Ventures and their confidence in our ability to help MSPs protect their customers," said Mateo Barraza, CEO of CyberQP. "This funding will help us continue to develop innovative solutions and provide top-tier security services to MSPs."
Company: CyberQP
Raised: $12.0M
Round: Unknown
Funding Month: April 2023
Lead Investors: Arthur Ventures
Additional Investors:
Company Website: https://cyberqp.com/
Software Category: Password Security and Identity Verification
About the Company: CyberQP provides password security and identity verification solutions for MSPs and IT departments that integrate with Active Directory, Azure AD, and IT Glue. The company system is designed to reduce ransomware and social engineering attack risks and increase the efficiency of your helpdesk. CyberQP protects what matters for MSPs by providing privileged access management and helpdesk security automation. CyberQP was built with MSPs in mind from day one and offers a wide variety of solutions like just-in-time account creation, privileged identity management, identity verification for zero-trust helpdesks, and much more.
Source: https://cyberqp.com/quickpass-rebrands-to-cyberqp-raises-12m-to-help-msps-with-privileged-access-management/