Teleport, an Oakland, CA-based leading provider of Identity-based Infrastructure Access Management, announced that it raised $110 million in Series C funding. This investment brings Teleport's total funding raised to $169 million at a current valuation of $1.1 billion
The round was led by Bessemer Venture Partners, with participation from Insight Partners and existing investors Kleiner Perkins and S28 Capital.
With this latest funding, Teleport will expand its go-to-market organization to serve its fast-growing, global customer base. Teleport will also bolster its R&D organization to solve the most complex security challenges faced by organizations of all sizes.
As a part of the investment, Bessemer Venture Partners' Mary D'Onofrio will take a seat on Teleport's board, and Insight Partners' Matt Koran will be a board observer.
Company: Gravitational, Inc.
Round: Series C
Funding Month: May 2022
Lead Investors: Bessemer Venture Partners
Additional Investors: Insight Partners, Kleiner Perkins, and S28 Capital
Company Website: https://goteleport.com/
Software Category: Identity & Access Management (IAM) Software
About the Company: Teleport, a leading provider of Identity-based Infrastructure Access Management, consolidates the four essential infrastructure access capabilities every security-conscious organization needs: connectivity, authentication, authorization, and audit. Teleport's unique approach is not only more secure but also improves developer productivity. Teleport is used by leading companies including Elastic, Snowflake, Doordash, and NASDAQ.
Source: https://goteleport.com/blog/series-c/ https://www.prnewswire.com/news-releases/teleport-raises-110-million-series-c-at-1-1-billion-valuation-led-by-bessemer-venture-partners-with-participation-from-new-investor-insight-partners-301537825.html