Ottawa's tech scene has another reason to celebrate: local cybersecurity company Augmentt has landed $18 million in fresh funding to expand its platform that helps small and medium-sized businesses (SMBs) get a handle on their cloud software security.
What Augmentt Does
If you've ever wondered how a small business with a lean IT team is supposed to keep track of dozens of cloud apps, think Microsoft 365, Slack, Salesforce, and a growing stack of SaaS tools. Augmentt is building the answer. The platform gives managed service providers (MSPs) and IT teams visibility into what software employees are using, how they're using it, and where the security gaps might be hiding.
For SMBs, this is a big deal. Unlike large enterprises with dedicated security teams and deep pockets, smaller organizations often fly blind when it comes to shadow IT, employees signing up for apps that haven't been vetted or approved. Augmentt's tools shine a light on that chaos and help lock it down.
The $18 Million Round
The new funding will allow Augmentt to scale its product and grow its team. Details on the lead investor and the full investor lineup were reported by BetaKit, Canada's go-to outlet for tech startup news. The round reflects a broader trend: cybersecurity for the SMB market is hot right now, as more small businesses migrate to cloud-first operations and bad actors take notice.
SaaS sprawl, the uncontrolled spread of cloud applications across an organization, has become one of the thorniest security problems for businesses of all sizes. But SMBs are especially vulnerable because they rarely have the budget or staff to manage it properly. Augmentt is betting that MSPs, the companies that handle IT for small businesses, are the right channel to fix this at scale.
Ottawa's Growing Cybersecurity Cluster
For Ottawa residents, this raise is another data point that the capital's tech sector is quietly punching above its weight. Ottawa has long been home to a strong cluster of cybersecurity and enterprise software companies, a legacy of the federal government's presence and the deep pool of engineering talent flowing from Carleton University, the University of Ottawa, and Algonquin College.
Augmentt joins a growing list of Ottawa-founded companies making waves in the cloud security space. The city's combination of government clients, academic talent, and a tight-knit startup community continues to attract capital and create high-quality tech jobs locally.
What's Next
With $18 million in the bank, Augmentt is positioned to accelerate product development and push into new markets. For the MSP community that relies on its platform, that likely means more features, deeper integrations, and better tools to keep their SMB clients safe in an increasingly complex cloud landscape.
It's the kind of growth story Ottawa's tech community loves to see, a local company solving a real problem, attracting serious investment, and putting the capital on the map.
Source: BetaKit via Google News Ottawa Tech feed.
