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Silverfort raises $116 million Series D for identity security platform

Jan 23, 2024almost 2 years ago

Amount Raised

$116 Million

BostonSecurityNetwork Security

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.

Company Information

Company

Silverfort

Location

Boston, Massachusetts, United States

About

Silverfort is on a mission to bring identity security everywhere, and allow organizations to operate without fear or disruptions. Fueled by a belief that enterprises and their identity teams deserve better, we found a way to break down the silos of identity security—eliminating the critical gaps and blind spots left behind by a patchwork of point solutions.

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Funding Insights

Based on industry data
VC-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