Sevco Security Launches From Stealth After Closing $15M Series A Round

July 1, 2021
cybersecurity graphic
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For nearly a decade, J.J. Guy spent his career hacking and breaking into networks. After working for the U.S. Air Force and U.S. Intelligence Community, Guy took what he learned and pivoted to building products that help companies better secure their networks.

On Wednesday, Guy and co-founder Greg Fitzgerald launched Sevco Security, a cloud-based asset intelligence platform that helps businesses make sense of data they already have and use this data to protect themselves against cybersecurity breaches.

“I’ve learned three invaluable lessons that led me to the idea to start Sevco,” Guy, who serves as Sevco’s CEO, told Built In via email. “First, organizations need to understand that comprise is inevitable. If attackers want to access their network, they will. It’s as simple as that. The second is that, once they are in your network, attackers usually know more about it than the siloed administrators that are protecting it. The third is that continuing to invest in security options ‘on top’ of IT will see diminishing returns until we begin investing to increase the discipline of core IT functions.”

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The Austin-based startup’s platform delivers converged asset inventory and generates real-time data from multiple sources. This data is then integrated with the products IT departments already use.

In addition to launching this week, Sevco also announced the closing of its $15 million Series A round. SYN Ventures led the round with participation from Accomplice, .406 Ventures, fama Ventures and Bill Wood Ventures. The Series A funds will be used to accelerate the development of additional offerings on Sevco’s platform and “fuel increased adoption,” Guy said.

Sevco, which has 19 full-time employees, consistently grew leading up to the launch. It will continue to grow across all areas of the business, which will involve hiring additional sales and marketing personnel.

“We believe strongly that Sevco is poised to fill a huge void, as current IT asset management tools are not delivering what security teams need,” Guy said.

Sevco also raised a seed round in May, bringing the company’s total funding raised to $21.8 million.

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