# Liongard

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liongard

- Industry: Software
- Headquarters: Houston, US
- Website: http://www.liongard.com
- Total disclosed funding: $22M
- Latest round: Series B (May 5, 2020)
- Investors on record: 4

## About

Liongard, Inc. is a technology company specializing in Attack Surface Management (ASM) solutions tailored for Managed Service Providers (MSPs) and IT service firms, enhancing their cybersecurity measures and operational efficiency.Founded in 2015 in Houston, US, Liongard, Inc. focuses on providing Attack Surface Management solutions. The company was established by Joe Alapat and Vincent Tran, with Joe Alapat currently serving as CEO. Liongard has undergone no noted pivots or changes in business operations. In June 2022, the company raised USD 10.110 mn in a Growth funding round, led by Updata Partners, with participation from TDF Ventures. The total amount raised to date equals USD 10.110 mn, with four deals completed by the company.Liongard specializes in Attack Surface Management (ASM) designed specifically for Managed Service Providers (MSPs), Managed Security Service Providers (MSSPs), and IT Service Providers. Their primary offerings include a comprehensive platform that automates asset inventory, documents configuration changes, and continuously detects misconfigurations across complex IT environments. The platform provides deep visibility from cloud to endpoint, allowing clients to streamline documentation, enhance operational efficiency, and prioritize critical issues effectively. Notable end use cases include monitoring configurations for security compliance, managing assets across various platforms like Office 365, and providing real-time insights into IT environments. Liongard’s solutions are utilized by a diverse range of clients, including small to medium-sized IT service firms, distributed in North America, Europe, and parts of Asia, to ensure robust cyber resilience and compliance with evolving security standards.Liongard generates revenue primarily through a subscription-based model, targeting MSPs and MSSPs that require ongoing access to their attack surface management solutions. Clients engage with Liongard by enrolling in subscription plans that provide access to their suite of tools, including asset discovery, automated documentation, and real-time monitoring services. The structure typically involves monthly or annual fees, which may vary based on the size of the client’s IT environment and the complexity of the services utilized. The company offers tiered pricing plans that cater to different levels of service, enhancing affordability for smaller firms while providing comprehensive features for larger enterprises. As a result, Liongard's revenue is closely tied to the number of clients and the scale of the services consumed, ensuring a steady flow of income as clients seek to maintain and enhance their cybersecurity posture.Following its most recent funding round in June 2022, where the company raised USD 10 mn, Liongard plans to utilize this capital to expand its business operations. The company aims to develop new products enhancing its ASM capabilities and is targeting expansion into additional markets in North America and Europe by the end of 2023. This growth strategy aligns with ongoing efforts to meet the rising demand for cybersecurity solutions among MSPs and MSSPs.

## Funding rounds

- Series B, May 5, 2020, $17M — Updata Partners, TDF Ventures, Integr8d Capital
- Series A, May 31, 2019, $4.5M — Gestalt, TDF Ventures, Integr8d Capital

## Investors

- Gestalt — Series A
- TDF Ventures (https://capitalatlas.ai/funds/tdf-ventures) — Series A, Series B
- Integr8d Capital (https://capitalatlas.ai/funds/integr8d-capital) — Series A, Series B
- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series B