Evo Security

Austin, United States Founded: 2018 • Age: 8 yrs Acquired By Barracuda
Cloud-based multi-factor authentication solutions are offered for secure logins.
Annual revenue - Latest available
Total funding $15.4M 3 rounds
Employees - Tracked headcount
Investors 9 Known backers
Products 4 Services tracked
Competitors 8 Brand Intelligence

About Evo Security

Evo Security is a company based in Austin (United States) founded in 2018 by Michael R was acquired by Barracuda in July 2026. Evo Security has raised $15.35 million across 3 funding rounds from investors including Barracuda, TechOperators and Sorenson Capital. Evo Security offers products and services including Evo Platform, MFA Authentication, SSO Authentication, and Technician Elevation. Evo Security operates in a competitive market with competitors including Okta, Ping Identity, Gemalto, JumpCloud and ForgeRock, among others.

  • Headquarter Austin, United States
  • Founders Michael R
  • Sectors
    Technology
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Evo Security, Inc.
Operational Areas
Technology → Cybersecurity & Privacy Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $15.35 M (USD)

    in 3 rounds

  • Latest Funding Round
    $6.07 M (USD), Series A

    May 06, 2024

  • Investors
    Barracuda

    & 8 more

  • Employee Count
    Not available
  • Acquired by
    Barracuda

    (Jul 07, 2026)

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Products & Services of Evo Security

Evo Security offers a comprehensive portfolio of products and services, including Evo Platform, MFA Authentication, SSO Authentication, and Technician Elevation.

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Primary

Consolidates authentication tools for MSPs to secure logins and access.

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Provides multi-factor authentication for endpoints and machines.

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Enables single sign-on for web applications and secure user access.

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Controls admin rights for technicians to enforce least privilege.

People of Evo Security

Headcount 10-50
Employee Profiles 5
Employee Profiles
People
Callen Sapien
Security And Industry Advisor IAM PAM Community MSP MSSP
People
Allan M.
Senior Software Engineer
People
Michael Roth
CEO And Founder
People
Marko Šiftar
Principal Software Engineer

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Funding Insights of Evo Security

Evo Security has successfully raised a total of $15.35M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.07 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Evo Security

Evo Security has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Barracuda, TechOperators and Sorenson Capital.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Early-stage venture capital investments are provided by TechOperators.
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Focus by Sorenson Capital is on software, healthcare, aerospace, energy.
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Climate companies are invested in by this venture capital firm.
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Investor details for Evo Security

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  • Investor domains
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Investments & Acquisitions by Evo Security

Investments
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Investment portfolio details for Evo Security

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  • Transaction dates
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Financial Statements - Evo Security

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Detailed financials for Evo Security

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Evo Security Comparisons

Evo Security Primary company
Description
Cloud-based multi-factor authentication solutions are offere...
Location
Austin, United States
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Evo Security

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Competitors of Evo Security

Evo Security operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Okta, Ping Identity, Gemalto, JumpCloud and ForgeRock, among others.

Company Name Domain Founded year HQ Location Description
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Cloud-based identity management and authentication are provided for enterprises.
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Cloud-based identity management solutions are provided for enterprises.
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Secure personal devices and SIM cards are provided worldwide.
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Cloud-based directory management for user and IT authentication is provided.
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Cloud-based identity verification solutions are provided for customers.
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Two-factor authentication hardware and software solutions are provided by Yubico.
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Detailed competitors of Evo Security

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Latest news on Evo Security

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Complete news archive for Evo Security

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Frequently Asked Questions about Evo Security

Evo Security was founded in 2018 and raised its 1st funding round 3 years after it was founded.

Evo Security is headquartered in Austin, United States. It is registered at Austin, Texas, United States.

Michael R is the current CEO of Evo Security. They have also founded this company.

Evo Security is a funded company, having raised a total of $15.35M across 3 funding rounds to date.

Evo Security was founded in 2018 and is based in Austin, United States. Operations focus on the cybersecurity sector, where cloud-based multi-factor authentication is provided through the Evo Authenticator product. Services include multi-cloud authentication, protection against login breaches, integration capabilities, and a robust API. Customization options are available, with the application accessible via Google Play and the Apple App Store.

Evo Security's top competitors include Ping Identity, Okta and ForgeRock.

Evo Security offers Evo Platform, MFA Authentication, SSO Authentication, and Technician Elevation.

Evo Security has 9 investors. Key investors include Barracuda, TechOperators, Sorenson Capital, Prelude Ventures, and Strategic Cyber Ventures.

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