April 30, 2024 at 01:33PM
Atlanta-based cybersecurity compliance startup Apptega has secured $15 million in growth equity and debt capital, with a total raised of over $50 million. The company’s platform offers real-time security and compliance scoring for managed security service providers. The new investment will support Apptega’s focus on AI-driven products to enhance security and compliance offerings.
From the meeting notes, it is clear that Apptega, a cybersecurity compliance platform startup, has recently raised $15 million in growth equity and debt capital from Mainsail Partners, bringing their total raised capital to over $50 million. The company, founded in 2017 and based in Atlanta, Georgia, specializes in providing technology to assist managed security service providers (MSSPs) and managed detection and response (MDR) companies with real-time security and compliance scoring.
Apptega’s full-lifecycle compliance platform allows providers to build and manage cybersecurity and compliance programs, offering continuous compliance offerings and standardizing and validating existing services. Their technology enables customers to assess their products against multiple frameworks, receive AI-driven recommendations, build and manage compliance programs faster, and manage multiple programs, accounts, and clients from a single pane.
The continuous security and compliance solution enables MSSPs and security-focused MSPs to map their services and tools to tasks and meet common security and compliance framework requirements. In addition, the new investment will support Apptega’s research and development efforts, which are increasingly focused on productizing artificial intelligence.
Apptega CEO Dave Colesante emphasized that the investment presents an opportunity to build software that helps MSPs deliver market-differentiated security and compliance services, as well as to provide enablement and go-to-market programs to help them grow recurring revenue and stand out from the competition.