Sevco Security, an Austin, TX-based provider of cloud-native cyber asset attack surface management (CAASM) solutions, raised $17 million in new funding, bringing its total raised to $38 million.
Investors
The round was led by SYN Ventures, with additional contributions from .406 Ventures, Accomplice, Bill Wood Ventures, and Washington Harbor Partners.
Founded in 2021, SYN Ventures is a venture capital firm based in West Palm Beach, Florida. The firm prefers to invest in global cybersecurity companies.
Sevco Security Use of Funds
The company will use the funding to enhance platform capabilities, meet market demand, and accelerate growth.
About Sevco Security
Sevco Security is an IT asset visibility and cybersecurity company that provides a unified asset intelligence platform designed to address the new extended attack surface and create a trusted data repository of all devices, users, and applications an organization uses. Sevco provides cloud-native cyber asset management, risk management, and automated enforcement. Clients such as Workday, Sallie Mae, and Quality Carriers value Sevco's accurate and comprehensive asset inventory. Its clients include Workday, Sallie Mae, and Quality Carriers. The company was founded in 2020 and is based in Austin, Texas.
Funding Details
Company: Sevco Security Inc.
Raised: $17.0M
Round: Unknown
Funding Month: March 2024
Lead Investors: SYN Ventures
Additional Investors: .406 Ventures, Accomplice, Bill Wood Ventures, Washington Harbor Partners
Company Website: https://www.sevcosecurity.com/
Software Category: Cybersecurity
Source: https://fintech.global/2024/03/22/cybersecurity-innovator-sevco-security-lands-17m-for-growth-acceleration/