Ping Identity, a Denver, CO-based provider of cloud identity security solutions, has raised $21m in funding.
Investors include Triangle Peak Partners, Silicon Valley Bank, and existing backers Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital.
The company intends to use the new funds to accelerate global expansion for its cloud identity management software PingFederate and its public cloud solution PingConnect.
Led by CEO Andre Durand, Ping Identity provides large companies, government organizations and cloud businesses with solutions that allow customers, employees, partners and consumers to access corporate web and SaaS applications reducing or eliminating passwords.
The company also has offices in Boston and Vancouver.
FinSMEs
21/06/2011