Silverfort, a Tel Aviv, Israel- and Boston, MA-based identity protection company, has raised $116 million in Series D funding, bringing its total amount raised to $222 million.
SaaS Investors
The round was 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.
Silverfort Use of Funds
The company will use the funding to expand its platform with new product modules and accelerate its go-to-market strategy with an emphasis on channel partnerships.
About Silverfort
Founded in Israel in 2016 by Hed Kovetz, Yaron Kassner, and Matan Fattal, Silverfort is the provider of a unified identity protection platform that consolidates security controls across corporate networks and cloud environments to block identity-based attacks. By connecting to the silos of the enterprise identity infrastructure, Silverfort unifies identity security across all on-prem and cloud environments. Silverfort is trusted by hundreds of the world’s leading enterprises, including multiple Fortune 50 companies, and has local teams in more than 15 countries.
Funding Details
Company: Silverfort, Inc.
Raised: $116.0M
Round: Series D
Funding Month: January 2024
Lead Investors: Brighton Park Capital
Additional Investors: Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners and Singtel Innov8
Company Website: https://www.silverfort.com/
Software Category: Identity Protection
Source: https://www.silverfort.com/press-news/press/silverfort-raises-116m-to-deliver-a-unified-layer-of-identity-security-across-all-enterprise-resources/