The Kanata, Ont.-based software-as-a-service security platform provider said the round was led by New York-based Camber Partners. It will use the funds to develop its product faster, among other things. (The Logic)

Talking point: Augmentt’s platform helps clients manage security services, such as those for Microsoft and cloud apps, for clients of their own. Its clients are doing so in an increasingly competitive, expensive and regulated environment, the company said in a release, while their clients have developed more complex needs. Augmentt said its software lets them manage IT delivery and cybersecurity protection efficiently.