Silverfort, provider of the unified identity threat protection platform, has closed $65 million in Series C funding led by Greenfield Partners, alongside several VC’s and strategic investors, including GM Ventures, Acrew Capital, Vintage Investment Partners and existing investors StageOne Ventures, Singtel Innov8, Citi Ventures, Aspect Ventures and Maor Investments.
The new investment, which brings Silverfort’s total funding to over $100m, follows rapid growth which saw Annual Recurring Revenue triple with hundreds of customers – including Fortune 100 companies. The funding will be used to scale the business and team globally and continue to expand the platform’s unique technological advantage.
Silverfort delivers Identity Threat Detection and Response (ITDR) and Identity Threat Prevention (ITP) capabilities as a unified layer on top of a customer’s existing Identity and Access Management (IAM) infrastructure, including both modern and legacy solutions, to stop identity-based attacks across the enterprise.
Silverfort’s patented technology achieves this in a way that doesn’t require modifications to the customer’s endpoints, servers or applications – a capability which is currently unmatched in the market. It also enables customers to extend security controls such as Multi-Factor Authentication (MFA) from any vendor to previously unsupported resources and environments, or even consolidate their hybrid IAM stack by ‘bridging’ legacy systems and protocols into modern identity platforms like Azure AD.