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Sevco Security raised $17M in a funding round led by SYN Ventures to expand operations and business reach.

Mar 21, 2024over 1 year ago

Amount Raised

$17 Million

Austin

Investors

Washington Harbor PartnersBill Wood VenturesAccomplice.406 VenturesSyn Ventures

Description

Sevco Security, based in Austin, TX, announced that it has raised $17M in funding. The round, led by SYN Ventures and with participation from .406 Ventures, Accomplice, Bill Wood Ventures, and Washington Harbor Partners, brought the total amount to $38M. The company intends to use the funds to expand operations and its business reach.

Company Information

Company

Sevco Security

Location

Austin, Texas, United States

About

Sevco exists to fix a decades-old problem: attackers know the networks they target better than the companies that own them. Sevco is a cloud-native asset intelligence platform that delivers converged asset inventory and generates real-time asset telemetry, then publishes both for use by other IT systems. Sevco makes sense of the data our customers already have, making their existing products and procedures more effective. Founded in 2020, Sevco is based in Austin, Texas. For more information, visit https://sevcosecurity.com or follow us on LinkedIn and Twitter @SevcoSecurity.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech