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Sevco Security Announces $17M Financing

2024-03-21
AUSTIN, TX, Sevco Security has raised $17 million in new funding in 2023 led by SYN Ventures.
Sevco Security, the cloud-native Cyber Asset Attack Surface Management (CAASM) platform that delivers the industry's most accurate, continuously updated security asset inventory to better protect organizations, today announced record growth for fiscal year 2023 driven by new product capabilities that expanded user and software inventories and customer adoption of the Sevco Asset Intelligence Platform. Additionally, the company announced that it raised $17 million in new funding in 2023 led by SYN Ventures, with participation from .406 Ventures, Accomplice, Bill Wood Ventures, and Washington Harbour Partners.

Sevco is the cloud-native CAASM platform delivering the industry's most accurate, real-time security asset inventory. Hundreds of companies rely on Sevco's 4D Asset Intelligence engine to bridge the gap between IT and security teams. By providing a continuously updated inventory of assets across IT, public/private cloud, IoT devices, operational technology (OT), supply chain, contractors and remote users, Sevco autonomously identifies and closes previously unknown security gaps, while dramatically improving incident response. Sevco's patented asset telemetry uncovers significant security gaps and out-of-compliance assets in every deployment without fail.
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