Silverfort, the leading identity protection company celebrates raising $116M in series D funding, bringing the total amount raised to $222M. Brighton Park Capital (BPC) led the round, with participation from existing investors including Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners and Singtel Innov8.
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Mike Gregoire, founding Partner at BPC andformer CEO of CA Technologies and Taleo, will join Silverfort’s Board of Directors as the company scales and continues its journey to transform and lead the identity security market.
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The investment follows another record year of more than 100% growth where Silverfort added tens of millions in new Annual Recurring Revenue (ARR), and hundreds of new enterprise customers, including the largest global financial services, manufacturing and retail companies.
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“Silverfort is one of the rare companies that has successfully envisioned how a large market will need to transform to solve a tough problem – in this case, identity security,” said Mike Gregoire. “The company has a track record of building innovative products at scale that exceed customer expectations, combined with excellent go-to-market execution. Silverfort’s deep market expertise and vision for the identity security market, as well as their ability to build a winning team and culture, are second to none. We’re thrilled to join Hed, Yaron, and the rest of the Silverfort team on the next phase of their journey to not only reshape the identity security market but lead it.”
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Ranked as the #1 Best Startup Company to Work For in Israel for the second consecutive year, Silverfort intends to grow its global team, already located across more than 15 countries, and will use the additional funds to expand its platform with new innovative product modules and accelerate its go-to-market strategy with an emphasis on channel partnerships.
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“Identity has become the weakest link in enterprise security, and solving it requires a new approach – a unified, end-to-end layer of security that covers all the silos and blind spots of the identity infrastructure,” said Hed Kovetz, Silverfort’s Co-Founder and CEO. “We are very excited about our new partnership with BPC, which will allow us to accelerate our platform vision and strong business momentum. We look forward to reshaping the way identity security is done in every company, to effectively answer today’s and tomorrow’s cyber threats.”
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About Silverfort
Silverfort is the Unified Identity Protection company that pioneered the first and only platform, enabling modern identity security everywhere. By connecting to the silos of the enterprise identity infrastructure, Silverfort unifies identity security across all on-prem and the cloud environments.
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With its unique architecture and vendor agnostic approach, Silverfort takes away the complexity of securing every identity, and extends protection to resources that cannot be protected by any other solution, such as legacy systems, command-line interfaces, service accounts (non-human identities), IT/OT infrastructure, amongst others.
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