CyberQP has secured continued support from CIBC Innovation Banking to fuel global expansion and enhance its Zero Trust Helpdesk Security solutions. This collaboration aims to advance product innovation while meeting rising compliance and security demands. CyberQP empowers IT teams to improve access control and operational efficiency with Privileged Access Management.
CyberQP Boosts Global Growth with CIBC Backing
Key Takeaways
- CyberQP partners with CIBC to drive global growth.
- Focus on enhancing Zero Trust Helpdesk solutions.
- Targets compliance and Privileged Access Management needs.
- Strengthens access control for IT teams worldwide.
- CIBC provides financial and strategic support.
Vancouver, British Columbia–(BUSINESS WIRE)–CyberQP, the leading provider of Zero Trust Helpdesk Security solutions, today announced the continued support of its long-standing relationship with CIBC Innovation Banking. The support comes as CyberQP scales its operations globally and accelerates its mission to transform IT teams secure access and streamline operational workflows. CyberQP’s platform helps organizations secure technician and end-user access, reduce cyber risk, and improve helpdesk efficiency through a unified Zero Trust approach
Founded in 2019, CyberQP is a rapidly growing venture-backed Software as a Service (SaaS) provider of Helpdesk Security Automation and Privileged Access Management (PAM) solutions. Originally designed for Managed Service Providers (MSPs), CyberQP’s solutions are widely used by internal IT teams across industries to strengthen access controls, reduce operational friction, and meet compliance requirements.
CIBC Innovation Banking’s continued partnership enables CyberQP to advance its relentless pace of product innovation in the Privileged Access Management (PAM) space while sharpening its focus on the compliance vertical, addressing a growing demand from both service providers and internal IT departments. “With CIBC’s continued support, we’re accelerating our mission to simplify helpdesk operations and elevate security standards for IT teams worldwide,” said Mateo Barraza, CEO and co-founder of CyberQP. “This relationship has been instrumental in helping us scale innovation and deliver greater value to our customers. This latest round of financing amplifies that impact.”
“We’re proud to support CyberQP as they continue to enhance their platform and broaden their global impact,” said Joe Timlin, Managing Director, CIBC Innovation Banking. “Their purpose-built approach to PAM addresses a critical and growing need across IT teams, positioning them strongly for continued success.”
CIBC Innovation Banking partners with entrepreneurs and their investors to help them achieve their ambitions each and every day. With a coast to coast market presence in Canada and the United States, we strive to make capital accessible so that leaders driving our innovation economy forward can thrive. Beyond CIBC’s growth capital, our team has a robust network of investors, extensive experience in tailoring financing solutions and providing advice throughout your lifecycle. Learn more at www.innovationbanking.cibc.com
CyberQP redefines Zero Trust Helpdesk Security with leading-edge Privileged Access Management (PAM) and End-User Access Management (EUAM) solutions. The platform enables secure elevated access for both technicians and end users, along with robust self-serve and identity verification capabilities. Backed by SOC 2 Type 2 certification, CyberQP empowers IT professionals to eliminate identity and privileged access security risks, enforce compliance, and enhance operational efficiency. The mission is simple: “Empowering Access, Redefining Privilege” for help desks around the globe. Learn more at www.cyberqp.com
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