Sevco Security provides a cloud-native CAASM platform centered on its 4D Asset Intelligence engine and patented asset telemetry to deliver real-time, continuously updated inventories across IT, public/private cloud, IoT, operational technology, supply chain, contractors, and remote users. In 2023 the company expanded platform capabilities to understand risk across additional asset classes including users and software, and launched the Sevco Security Action Center plus vulnerability-hunting features to enable ticketing, remediation, and visibility into vulnerabilities and mitigating controls. Product innovation and new integrations drove customer adoption and operational metrics in 2023, including a 40% increase in devices under management, a 40% increase in contract value, 200% growth in multi-year deals, 84% growth in MSSP ARR, and net retention of 168%. Customers cited in the articles include Workday, Sallie Mae, and Quality Carriers, and the company says hundreds of companies rely on its platform. Sevco was founded in 2020 and is based in Austin, Texas. In 2023 the company raised $17 million in new funding and reported total funding since inception of $38 million; executives said the capital will extend runway and support continued product and go-to-market momentum. Sevco Security provides a cloud-native security asset intelligence platform that delivers converged asset inventory and enterprise asset telemetry. The platform ingests inventory from existing tools via native APIs without agents, deployed scanners, or remote access, captures inventory reported from all sources every hour, and publishes accurate asset data into other IT and security systems. Sevco emphasizes converged visibility across siloed systems and telemetry to explain how assets change over time, helping customers understand why inventory or attributes have changed. The company will use the $15M Series A to scale adoption of the platform and make existing security investments more effective. Sevco positions its product as addressing long-standing visibility gaps that undermine security frameworks. Founded in 2020 and based in Austin, Texas, the team includes founders with prior experience at Carbon Black and Cylance.

Total raised

$32M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2024