Companies · Cybersecurity

Evo Security Technologies, Inc.

AUSTIN · Cybersecurity · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Evo Security Technologies, Inc. — recommendation, valuation, rhythm, risks.
$15.2M
Total raised · real
3
Rounds
1.1×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Mon May 06 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Evo Security Technologies, Inc. looks fair against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the cybersecurity sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.72× the median modeled value of Series A Cybersecurity companies in 2022–2024 (29 peers) — value vs value, same stage and era.
  • Within the normal band (72% of peer median) for its niche.
Quiet
  • Last raise 2.2 yr ago; this sector typically re-raises about every 15 months.
  • Slightly overdue versus sector cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Cybersecurity

Evo Security Technologies, Inc. is one of 270 Cybersecurity companies tracked from AUSTIN. By capital raised it ranks in the upper tier (ahead of 74% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
7
Investors (latest)
2020
Year incorporated
2024-05-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MSeed · 2021-12-16 Raised $3.8M (real) Modeled valuation $71M (est)$3.8M$71MSeed2021Seed · 2022-12-15 Raised $3.8M (real) Modeled valuation $44M (est)$3.8M$44MSeed2022Series A · 2022-12-15 Raised $4.4M (real) Modeled valuation $49M (est)$4.4M$49MSeries A2022Series A · 2022-12-15 Raised $5.4M (real) Modeled valuation $60M (est)$5.4M$60MSeries A2022Series A · 2024-05-06 Raised $5.4M (real) Modeled valuation $34M (est)$5.4M$34MSeries A2024Series A · 2024-05-06 Raised $6.1M (real) Modeled valuation $38M (est)$6.1M$38MSeries A2024+$3.8M+$4.4M+$5.4M+$5.4M+$6.1MCumulative $29M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$3.8M · 2021
Seed extension$3.8M · 2022
Series A$4.4M · 2022
Series A extension$5.4M · 2022
Series A extension$5.4M · 2024
Series A extension$6.1M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$37.7M
Base estimate est.
$8.3M
Conservative case
$84.4M
Upside case
$27.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Seed · modeled $70.6M · 2021-12-162021Seed · modeled $44.3M · 2022-12-15Series A · modeled $48.8M · 2022-12-15Series A · modeled $60.0M · 2022-12-15Series A · modeled $33.7M · 2024-05-06Series A · modeled $37.7M · 2024-05-062024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.52×/yr
Annual markup
1.92×/yr upside case
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$6.4M/yr
Capital velocity
4.5 yr
On record since
2021
First round
6
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.4× above median
This company$15.2M
Sector median$6.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.1× above median
This company$6.1M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$37.7M
Sector median$45.4M

Raised more than 74% of sector peers (real $). Modeled value above 56% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #19 of 29.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Surefire Cyber Inc. · Series A Raised $10.0M · modeled $163.1M (est)Zilla Security Inc. · Series A Raised $16.1M · modeled $157.3M (est)AaDya Security, Inc · Series A Raised $9.4M · modeled $154.5M (est)Sevco Security, Inc. · Series A Raised $36.7M · modeled $135.7M (est)DeepSurface Security, Inc. · Series A Raised $6.5M · modeled $105.4M (est)RunSafe Security, Inc. · Series A Raised $23.8M · modeled $76.5M (est)Guardian School Security Systems Inc. · Series A Raised $7.5M · modeled $75.9M (est)SecureG, Inc. · Series A Raised $7.3M · modeled $73.2M (est)Pareto Cyber, Inc. · Series A Raised $5.0M · modeled $72.8M (est)Empirical Security, Inc. · Series A Raised $11.9M · modeled $65.3M (est)SecureReview, Inc. · Series A Raised $10.0M · modeled $64.5M (est)Right-Hand Cyber Security, Inc. · Series A Raised $5.9M · modeled $61.9M (est)Evo Security Technologies, Inc. (this company) Raised $15.2M · modeled $37.7M (est)Evo Security Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Surefire Cyber Inc.Series A$10.0M$163.1M3.10×
Zilla Security Inc.Series A$16.1M$157.3M2.99×
AaDya Security, IncSeries A$9.4M$154.5M2.94×
Sevco Security, Inc.Series A$36.7M$135.7M2.58×
DeepSurface Security, Inc.Series A$6.5M$105.4M2.01×
RunSafe Security, Inc.Series A$23.8M$76.5M1.46×
Guardian School Security Systems Inc.Series A$7.5M$75.9M1.44×
SecureG, Inc.Series A$7.3M$73.2M1.39×
Pareto Cyber, Inc.Series A$5.0M$72.8M1.39×
Empirical Security, Inc.Series A$11.9M$65.3M1.24×
SecureReview, Inc.Series A$10.0M$64.5M1.23×
Right-Hand Cyber Security, Inc.Series A$5.9M$61.9M1.18×
Evo Security Technologies, Inc. this companySeries A$15.2M$37.7M0.72×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$3.8M2021-12-16$18.8M$70.6M90%
Seed$3.8M2022-12-15$19.2M$44.3M90%
Series A$4.4M2022-12-15$19.9M$48.8M90%
Series A$5.4M2022-12-15$24.4M$60.0M90%
Series A$5.4M2024-05-06$24.7M$33.7M90%
Series A$6.1M2024-05-06$27.6M$37.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$3.8M2021-12-16
    • First recorded raise — entered as Seed.
    • 13 investors on this round.
  2. Seed$3.8M2022-12-15
    • Raised 12 mo later, in step with the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Series A$4.4M2022-12-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 10 investors on this round.
  4. Series A$5.4M2022-12-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  5. Series A$5.4M2024-05-06
    • Raised 17 mo later, in step with the ~15 mo sector norm.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  6. Series A$6.1M2024-05-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~6mo cadence
$6.8M
Modeled next size est.range $6.1M$10.9M
1.1×
Last step-up
$6.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Roth3 other2021-12
Daniel Ingevaldson1 other2024-05
Zach Sivertson1 other2022-12
Josh Stephens2021-12
Ken Elefant2021-12
Registry & provenance

Evo Security Technologies, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1901797
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
SecurEnds, Inc.CybersecuritySeries A$15.0M$311.9Msame sector · same stage
Titan Health & Security Technologies, Inc.CybersecuritySeries A$15.6M$43.6Msame sector · same stage
Vali Cyber, Inc.CybersecuritySeries A$15.7M$16.5Msame sector · same stage
Cyberinc CorpCybersecuritySeries A$15.9M$116.6Msame sector · same stage
Ostra Cybersecurity, Inc.CybersecuritySeries A$14.4M$11.3Msame sector · same stage
Zilla Security Inc.CybersecuritySeries A$16.1M$157.3Msame sector · same stage
Rapid Focus Security, Inc.CybersecuritySeries A$16.5M$252.0Msame sector · same stage
IntSights Cyber Intelligence Ltd.CybersecuritySeries A$14.0M$441.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Oso Security Inc.CybersecuritySeed$106.2M88%
Sevco Security, Inc.CybersecuritySeries A$135.7M87%
NROC Security, Inc.CybersecuritySeed$4.9M83%
Cyberspatial Inc.CybersecuritySeed$6.6M83%
Securetech Innovations, Inc.CybersecurityPre-Seed$2.6M83%
SecurityStudio IncCybersecurityPre-Seed$8.3M82%
Permiso Security Inc.CybersecuritySeries B$270.1M82%
Cyberinc CorpCybersecuritySeries A$116.6M82%
Frequently asked
How much funding has Evo Security Technologies, Inc. raised?
Evo Security Technologies, Inc. has raised approximately $15.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Evo Security Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Evo Security Technologies, Inc. is approximately $37.7M (modeled range $8.3M–$84.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Evo Security Technologies, Inc. at?
Evo Security Technologies, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon May 06.
What does Evo Security Technologies, Inc. do and where is it based?
Evo Security Technologies, Inc. operates in the Cybersecurity sector, based in AUSTIN.
Explore related

See where Evo Security Technologies, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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