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Apptega Raises $15 Million for Cybersecurity Compliance Platform

Mainsail Partners leads a $15 million financing round for end-to-end cybersecurity compliance platform company Apptega.

Apptega, a startup building an end-to-end cybersecurity compliance platform, on Tuesday announced that it has raised $15 million in growth equity and debt capital from Mainsail Partners, bringing the total raised to over $50 million.

Founded in 2017, the Atlanta, Georgia-based company provides the technology to help managed security service providers (MSSPs) and managed detection and response (MDR) companies with real-time security and compliance scoring.

Apptega said its full-lifecycle compliance platform gives providers the ability to build and manage cybersecurity and compliance programs, delivering continuous compliance offerings and standardizing and validating existing services.

According to Apptega, its technology enables customers to assess their products against dozens of 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 allows MSSPs and security-focused MSPs to map their services and tools to tasks and meet common security and compliance framework requirements.

The new investment will fuel Apptega’s research and development (R&D) efforts, which increasingly lean toward productizing artificial intelligence.

“This is an incredible opportunity not only to build software that helps [MSPs] deliver market-differentiated security and compliance services, but to provide the enablement and go-to-market programs that can help them grow recurring revenue and stand out from the competition,” said Apptega CEO Dave Colesante.

Related: Predictive Security Startup BforeAI Raises $15 Million

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Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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