CyberQP, a Canada-based cybersecurity company specialising in Zero Trust Helpdesk Security, has secured renewed backing from CIBC Innovation Banking to support its global expansion and product innovation.
While the exact amount was not disclosed, the funding comes as part of CIBC’s continued support for the company, which has been a long-term partner.
Founded in 2019, CyberQP is a SaaS provider offering helpdesk security automation and privileged access management (PAM) solutions. Initially designed for Managed Service Providers (MSPs), the platform is now widely used by internal IT teams across industries, helping reduce risk, improve access control, and meet compliance demands.
CyberQP’s platform offers secure access for both technicians and end users, incorporating identity verification, self-service capabilities, and SOC 2 Type 2 certification to meet high security standards.
CyberQP CEO and co-founder Mateo Barraza said, “ “With CIBC’s continued support, we’re accelerating our mission to simplify helpdesk operations and elevate security standards for IT teams worldwide. This relationship has been instrumental in helping us scale innovation and deliver greater value to our customers. This latest round of financing amplifies that impact.”
CIBC Innovation Banking managing director Joe Timlin said, “We’re proud to support CyberQP as they continue to enhance their platform and broaden their global impact. Their purpose-built approach to PAM addresses a critical and growing need across IT teams, positioning them strongly for continued success.”
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