#None #MSPs #Camber Partners #Augmentt

Augmentt Raises $18 Million in Series A Funding

In a significant move aimed at empowering Managed Service Providers (MSPs), Augmentt, a SaaS platform specializing in Microsoft 365, has successfully closed a CAD $18 million Series A funding round. The investment was spearheaded by Camber Partners, a New York-based firm known for its focus on fast-growing B2B technology companies. This influx of capital comes at a time when MSPs are grappling with diverse challenges including heightened labor costs and increasing regulatory demands.

Insights from the Leadership

Derik Belair, the CEO of Augmentt, expressed enthusiasm about this partnership with Camber Partners, highlighting the importance of utilizing their expertise to drive innovation and accelerate the company's mission. He indicated that this funding would significantly expedite their product development and marketing efforts, allowing them to respond to the growing need for integrated solutions in the market.

Duncan McGillivary, Vice President at Camber Partners, noted that Augmentt is setting a new benchmark for MSPs that cater to small and mid-sized enterprises. He commended the team for its profound industry knowledge and execution capabilities, expressing confidence that their vision, paired with a product that's critical to MSP operations, will usher in a new era of enhanced service and security for businesses worldwide.

Addressing the Challenges in the Industry

Today's MSPs operate in a challenging landscape marked by rising operational costs and intensifying competition. Client needs have also evolved, with an emphasis on quicker response times, robust security measures, and greater insight into cloud environments. Augmentt's offerings are designed to equip MSPs with the automation tools necessary to efficiently meet these demands, thereby positioning them to offer scalable and profitable managed services.

Gavin Garbutt, Chairman of Augmentt, stated, "MSPs are vital to contemporary IT service delivery and cybersecurity defense, yet they're often expected to achieve more significant results with limited resources." He emphasized Augmentt's commitment to facilitating MSPs through enhanced security automation, visibility, and control across the Microsoft ecosystem. The funding will enable Augmentt to further develop world-class security tools that empower MSPs to flourish.

About Augmentt

Founded in Ottawa, Augmentt stands as a comprehensive Microsoft 365 security and compliance management platform targeted at MSPs. The platform enables partners to efficiently secure, monitor, and manage their client’s Microsoft 365 environments on a large scale. For additional information, please visit augmentt.com.

About Camber Partners

Camber Partners operates out of New York City and is dedicated to supporting growth-stage B2B SaaS companies. By providing flexible capital and essential marketing resources, the firm aids in fostering long-term growth for its portfolio companies through its extensive operational expertise across various domains, including sales, marketing, and product development. For further details, visit camber.io.