Inforcer Raises $50M Series C to Enhance MSP Software for SMB AI and Security Risks

Funding Details

London-based Inforcer announced a $50 million Series C funding round, led by Insight Partners. This latest investment brings the company's total funding to $110 million within 18 months. Inforcer has also doubled its valuation between its Series B and C rounds.

Addressing MSP and SMB Needs

Inforcer develops software that Managed Service Providers (MSPs) use to manage Microsoft 365 accounts for their small and medium-sized business (SMB) clients. This addresses the challenge SMBs face in affording in-house IT departments, leading them to outsource to MSPs. The increasing complexity of IT, particularly with AI and security risks, has driven demand for such solutions.

Product Development and Focus

Since its launch in 2023, Inforcer has invested capital into product development. Key features include Shadow AI detection, which identifies unauthorized AI tool usage on company devices, and a threat detection and response tool for cybersecurity risks. These developments aim to help SMBs counter evolving cyber threats and manage AI governance.

Evolving Threat Landscape

Cybersecurity threats have become more sophisticated, with attacks executing rapidly. Attackers are using AI to identify vulnerabilities and Large Language Models (LLMs) to craft convincing phishing emails. This presents SMBs with automated, scalable, and harder-to-defend threats. Inforcer is also addressing risks related to data governance and the use of AI within businesses.

Expansion Plans

Inforcer is planning further expansion, particularly in the U.S. The company's growth has been 300% year-over-year, indicating strong market demand for its services.