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Agentless Authentication Provider Silverfort Secures $30 Million in Series B Funding

PRIVATEAug 04, 2020

Amount Raised

$30 Million

Round Type

Series B

PlanoSoftwareSecurityNetwork Security

Description

Silverfort, provider of the industry’s first agentless, proxyless authentication platform, announced today that it has raised $30 million in a series B investment round. The new funding will allow Silverfort to further accelerate the company’s fast growth and meet the increasing customer demand for secure authentication and access solutions, which is boosted by the global shift to remote work. The financing was led by Aspect Ventures, with participation of Citi Ventures, Maor Investments, and the company’s early investors TLV Partners, StageOne Ventures and Singtel Innov8. Mark Kraynak from Aspect Ventures will be joining Silverfort’s board of directors

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Company Information

Company

Silverfort

Location

Plano, Texas, United States

About

"The company has spent years building a best-in-class platform to solve holistically a growing security problem now gaining mainstream awareness,” said Avery Schwartz, Partner at Greenfield Partners who will join the company’s board of directors. Many of our customers have reported cases where the platform detected and stopped account takeover, lateral movement and ransomware propagation attempts.

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Related People

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Silverfort raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.