Quickpass Cybersecurity, a provider of privileged access management and helpdesk security automation for managed service providers (MSPs), has collected $12m in funding.
The capital was supplied by its financial partner Arthur Ventures, a US-based investor focused on B2B software companies.
As part of the investment, Quickpass Cybersecurity has rebranded to CyberQP. According to Mateo Barraza, the company’s CEO, this rebranding aims to accurately portray the mission of CyberQP.
Barraza said, “The ‘Quickpass Cybersecurity’ name took us far, but as our product evolved it stopped accurately portraying what we did. Our new name helps clarify what we are here to do: help MSPs with Privileged Access Management.”
With the support of the fresh capital, CyberQP hopes to bolster its offering and expand its reach to more MSPs around the world.
CyberQP helps MSPs and their customers protect their critical assets. Its privileged access management and helpdesk security automation offers comprehensive security solutions that protect businesses from cyber threats.
One of the features offered by CyberQP is just-in-time account creation. This is where accounts and passwords are created on-demand when technicians need them. Other features include privileged admin account management, zero trust help desk, Azure active directory password sharing, privileged identity management and privileged account discovery.
It claims to have over 1,000 partners and has protected over one million credentials.
Barraza added, “We are thrilled to have the continued support of Arthur Ventures and their confidence in our ability to help MSPs protect their customers. This funding will help us continue to develop innovative solutions and provide top-tier security services to MSPs.”
The CyberTech company previously raised $3m for its Series A funding round in 2022. The capital was an extension to a previous $4m investment.
In other CyberTech news, Shield, a security company focused on protecting users from online scams, landed $2.1m in a pre-seed investment raise.
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