News Summary

Ottawa-based startup Augmentt has successfully secured $18 million CAD in a Series A funding round led by New York growth equity firm Camber Partners. Founded by former N-able leaders Derik Belair and Gavin Garbutt, Augmentt is focused on providing managed service providers (MSPs) with tools to enhance security and compliance across small and medium-sized businesses’ SaaS applications, particularly within the Microsoft ecosystem. The funds will be utilized to accelerate product development, market strategies, and partnerships. This move comes as MSPs face rising demands and challenges in managing cybersecurity risks, with Augmentt positioning itself as a key player in providing automated and efficient security solutions.