Legato Security, a premier Managed Detection and Response (MDR) and Managed Security Services Provider (MSSP) based in Salt Lake City, Utah, announced it has received a capital investment to support its strategic growth. The round was led by Level Structured Capital (an affiliate of Level Equity) and SageLink Capital.
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With this significant investment, Legato Security will amplify and accelerate its growth and go-to-market strategies, partner marketing, sales organization, and continued investments into their cutting-edge Security Operations Platform, Ensemble.
The growth funding will further empower Legato Security to continue providing top-tier security services, including its Managed Detection and Response (MDR+) offering, and a wide range of strategic and professional security services. These services are essential for organizations striving to navigate the dynamic and challenging cybersecurity landscape.
“We are thrilled to announce this Series A funding, which marks a pivotal moment for Legato Security,” said Tom Boyden, CEO of Legato Security. “This investment will significantly accelerate our go-to-market strategies across multiple business units, enhancing our ability to deliver comprehensive security solutions and drive innovation. We are grateful for the support from Level Equity and SageLink Capital and look forward to our continued partnership.”
This round of funding will accelerate our go-to-market strategies with our partners, and create additional opportunities for us to build even deeper relationships with our customers.
In conjunction with the transaction, Mike Robertson from SageLink Capital will join Legato’s Board of Directors.
“Legato Security Partners reflects both our research and belief in the tremendous outlook in demand for cyber security solutions. Bootstrapped to date, Tom, Jen, and the Legato management team have nonetheless driven consistent double-and triple-digit growth rates, while building a highly referenceable customer base. We expect this investment to release Legato Security’s potential and substantially accelerate the execution of its strategic plans,” said Mike Robertson from SageLink.
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Level’s and SageLink’s investment underscores their confidence in Legato Security’s vision and ability to deliver unwavering security for their customers. With this investment, Legato Security is poised for continued growth and innovation within the cybersecurity industry.
“We are excited to partner with Legato Security and support their next phase of growth and development. They’ve assembled a world-class team to create a high-growth technology company,” said Barry Osherow of Level Structured Capital.
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