Liongard Raises $17 Million in Series B Funding to Advance Capabilities and Accelerate Growth
The investment will advance Liongard's mission to provide MSPs with a unified automation platform that automatically documents, audits and secures their clients' systems at scale.
HOUSTON, May 14, 2020 /PRNewswire-PRWeb/ -- Liongard, a software company that provides a unified automation platform to managed service providers (MSPs), today announced the close of $17 million in Series B funding. The investment round was led by Updata Partners with participation from TDF Ventures, Integr8d Capital and private investors. This new investment brings the company's total funding to almost $23 million over the last three years.
Joe Alapat, CEO of Liongard, said the influx of funds will be used to continue building a world-class team to advance product development and support for customers. Alapat co-founded the company with COO Vincent Tran in 2015.
"Since the launch of Liongard, the platform's adoption and popularity with MSPs has grown rapidly, transforming Liongard into a highly recognized brand in the MSP ecosystem," he said. "This new investment and the continued confidence of our investors will fuel our growth by giving us the means to further advance our solution's capabilities and serve our customers at an even better level."
Liongard has established itself as one of the channel's rising stars. The company, which serves MSPs, IT companies and VARs in more than 20 countries, saw triple-digit customer growth and doubled the number of teammates who support its platform and customers over the past 18 months.
Liongard Roar, the company's platform, enables MSPs to automatically document, audit and secure their clients' systems from cloud and network to on-premise environments and beyond as they keep pace with ever-changing IT requirements. Having immediate access to both historical and up-to-date configuration data greatly speeds MSP processes and issue resolution, minimizes user error, builds trust with an MSP's end users, and allows IT service providers to efficiently manage systems at scale.
Carter Griffin, a general partner at Updata Partners, said, "Liongard has recognized an industry gap and addressed the need for greater visibility in how systems are managed. The team created a valuable solution for MSPs, making the company an excellent investment opportunity for Updata. The combination of Liongard's in-demand platform, strong market presence, robust roadmap for ongoing growth and strong leadership team point to a company well-positioned for ongoing success."
To learn more about Liongard and Liongard Roar, visit the company's website at http://www.liongard.com.
About Liongard
Liongard is a software company that provides a unified automation platform to managed service providers (MSPs). The platform enables MSPs to automatically and efficiently manage and secure – at scale and from a single location – current and historical system configurations for their clients' cloud and network to on-premise environments and more. Liongard's automated documentation, system audits, actionable alerts, rich reporting and analytics are used today by IT service providers in more than 20 countries to quickly catch, troubleshoot and resolve system MSP end user configuration issues and ensure best practices. Learn more at liongard.com.
SOURCE Liongard
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