Venture Capital

Venture capital investments in MSPs, IT service providers (ITSPs), technology companies, cybersecurity startups, cloud computing businesses & more.

Zorus Raises $9M; Plans Detection and Response Security Solutions for MSPs

Zorus plans to extend from web filtering to “extensive detection & response security solutions” for MSPs. Austin McChord & Paul Sagan join board.

Salesforce Financial Services Consultant Zennify Raises Funding

Zennify, a FinTech consulting firm & Salesforce partner for financial services & banking customers, raises $7.5M in funding from Tercera.

Dell, Samsung Invest In ITSM, MSP Software Automation Startup’s hyperautomation & AI (artificial intelligence) software seeks to accelerate enterprise & MSP help desk ticket resolutions.

Gradient MSP Raises $10M for Business Automation Software

Gradient MSP set to launch Billable, a software module for MSPs that strives to ease & automate customer billing tasks. Dozens of hires planned.

MSPs and Venture Capital: Electric Raises $90M to Automate SMB IT Support

Electric, a New York-based MSP that develops automation software, raises $90M in Series D funding. The goals: Simplify SMB SaaS management & more.

PSA Software Startup Raises Funding; Targets IT Service Providers and SMBs

PSOhub, a professional services automation (PSA) software startup, raises funding; emphasizes Hubspot integration for IT service providers & SMBs.

SaaS Security Attracts More Venture Capital; Will MSPs Plug In?

Adaptive Shield raises $30M to help customers lock down Microsoft Office 365, Salesforce & more. MSP-friendly SaaS security companies also emerge.

MSP Software and Cybersecurity Investor Summit Partners Raises $8.35B

Summit Partners — which backs NinjaRMM, Logic Monitor & Red Canary — exceeds target raise for new Summit Partners Growth Equity Fund XI.

Cybersecurity Startup SaaS Alerts Opens Funding Round to MSPs

Cybersecurity software company SaaS Alerts opens funding round to MSP owners and employees who are accredited angel investors.

Remote Control Touch 2

ServiceNow Invests In CareAR: Will MSPs Embrace Augmented Reality for Remote IT Support?

Will Augmented Reality (AR) software revolutionize how MSPs deliver remote IT support to customers? Clues from ServiceNow, CareAR & Xerox emerge.