Silverfort, a Tel Aviv, Israel- and Boston, MA-based identity protection company, raised $116M in series D funding.
Brighton Park Capital (BPC) led the round, which brought the total amount raised to $222M, with participation from existing investors including Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners and Singtel Innov8. Mike Gregoire, founding Partner at BPC and former CEO of CA Technologies and Taleo, will join Silverfort’s Board of Directors.
The company intends to use the funds to expand its platform with new innovative product modules and accelerate its go-to-market strategy with an emphasis on channel partnerships.
Led by Hed Kovetz, Co-Founder and CEO, Silverfort provides a platform that enables modern identity security everywhere. By connecting to the silos of the enterprise identity infrastructure, the company unifies identity security across all on-prem and the cloud environments. With its architecture and vendor agnostic approach, Silverfort 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.
With its patented technology, Silverfort connects to the entirety of an organization’s identity infrastructure in a matter of hours, from cloud-native identity providers (which are only aware of what happens inside their specific silo) to legacy on-prem directories such as Active Directory (which are missing basic security capabilities). The platform architecture:
- Serves as a centralized enforcement engine behind all identity infrastructure silos, and as a ‘second opinion’ behind-the-scenes to approve all access requests.
- Maps the company’s entire identity infrastructure, analyzes its security posture, inspects every access attempt across all environments in real-time, and most importantly – enforces active inline policies to verify the user’s identity or to prevent unauthorized access.
- Operates in a way that is completely invisible to the countless devices, servers and applications that it protects, eliminating the need to modify them, integrate with them, or install anything on them. Organizations can protect every type of system, saving enormous time and cost.
The company’s solutions are used by hundreds of the world’s leading enterprises, including multiple Fortune 50 companies, and has local teams in more than 15 countries.
FinSMEs
23/01/2024