CyberQP, a Canada-based provider of Zero Trust Helpdesk Security solutions, has received continued backing from CIBC Innovation Banking as it looks to scale its operations and accelerate product development.
The latest funding round comes from CIBC Innovation Banking, which has reaffirmed its long-standing support for CyberQP’s growth strategy. While the specific amount raised was not disclosed, the financing underscores the bank’s confidence in CyberQP’s potential as the company expands its global footprint.
Founded in 2019, CyberQP is a venture-backed SaaS firm specialising in helpdesk security automation and privileged access management (PAM). Originally tailored to Managed Service Providers (MSPs), the platform is now widely adopted by internal IT teams across multiple sectors, helping to strengthen access controls, enhance compliance, and streamline IT operations.
The company’s core offering includes solutions for privileged access and end-user access management, coupled with identity verification and self-service capabilities. CyberQP’s platform is certified under SOC 2 Type 2 standards, ensuring high levels of data security and operational integrity.
CyberQP CEO and co-founder Mateo Barraza said, “With CIBC’s continued support, we’re accelerating our mission to simplify helpdesk operations and elevate security standards for IT teams worldwide. 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.”
CIBC Innovation Banking managing director Joe Timlin added, “We’re proud to support CyberQP as they continue to enhance their platform and broaden their global impact. Their purpose-built approach to PAM addresses a critical and growing need across IT teams, positioning them strongly for continued success.”
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