Silverfort, a Boston, MA and Tel Aviv, Israel-baserd provider of an agentless, proxyless authentication platform, raised $30m in series B funding round.
The round, which brings the total investments in the company to $41.5m, was led by Aspect Ventures, with participation from Citi Ventures, Maor Investments, and early investors TLV Partners, StageOne Ventures and Singtel Innov8. In conjunction with the funding, Mark Kraynak from Aspect Ventures will be joining Silverfort’s board of directors.
The company intends to use the funds to expand its sales, marketing, engineering and customer success teams around the world.
Founded by Hed Kovetz, Yaron Kassner and Matan Fattal, Silverfort develops an innovative platform that enforces secure authentication and access policies (including Multi-Factor Authentication, Risk-Based Authentication, Zero Trust and more) for any user, device and system, both on-premises and in the cloud, without the need to deploy any agents, SDKs or proxies. Its architecture allows the company to protect large and complex networks and cloud environments in a unified manner, with an AI-driven risk engine that automatically adjusts policies based on the user’s behavior, and prevents threats such as account takeover, ransomware and lateral movement.
Silverfort enables its customers to protect many sensitive systems such as homegrown/legacy systems, critical infrastructure, file systems, IoT, command-line interfaces, machine-to-machine access and more. It also allows customers to migrate their existing servers and applications to the cloud in a secure manner without having to modify them.