Silverfort raises $116 million Series D for identity security platform
Jan 23, 2024•almost 2 years ago
Amount Raised
$116 Million
Investors
Singtel Innov8Vintage Investment PartnersMaor InvestmentsGeneral Motors VenturesCiti VenturesGreenfield PartnersAcrew CapitalBrighton Park Capital (Bpc)
Description
Silverfort announced a $116 million Series D funding round led by Brighton Park Capital (BPC) with participation from existing investors including Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners and Singtel Innov8. The company’s valuation in the Series D increased significantly from its previous round in 2021.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech