Total amount raised
$128.3 Millions
Latest funding date
Location
Ping Identity has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in providing advanced identity security solutions for digital enterprises.
Keep reading to explore the intricacies of Ping Identity's fundraising journey and the investors backing this innovative platform.
What Is Ping Identity?
Unfortunately, the requested information about Ping Identity's background, including their founding year, location, founders' names, and number of employees, was not found in the provided sources. The Crunchbase page was a security verification page and did not contain any relevant details. Similarly, the company website did not explicitly mention the founding year, location, founders' names, or the number of employees.
However, Ping Identity is known for specializing in identity security solutions for digital enterprises. They offer a comprehensive identity platform that provides solutions for customer identity, workforce identity, B2B identity, decentralized identity, passwordless authentication, zero trust implementation, cloud migration, legacy IAM modernization, IoT, customer engagement, online fraud prevention, digital experience innovation, privacy, consent, mergers, acquisitions, and compliance.
For more detailed information, you may need to explore additional sources or directly visit their official website and other business directories.
How Much Funding Has Ping Identity Raised?
- Series A
- Amount Raised: $5.8M
- Date: April 2004
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial identity security solutions.
- Series B
- Amount Raised: $7.5M
- Date: May 2005
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series C
- Amount Raised: $13M
- Date: October 2006
- Lead Investors: Appian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their technology and increase market penetration.
- Series D
- Amount Raised: $21M
- Date: June 2011
- Lead Investors: Silicon Valley Bank, Triangle Peak Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further product development.
- Series E
- Amount Raised: $44M
- Date: July 2013
- Lead Investors: DFJ Growth, W Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and innovation in identity security.
- Venture Round
- Amount Raised: $913K
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing operational needs and minor expansions.
- Venture Round
- Amount Raised: $1.1M
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support short-term financial requirements and strategic initiatives.
- Series F
- Amount Raised: $35M
- Date: September 2014
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow and capitalize on the increasing focus on security, and prepare for a potential IPO.
Total Amount Raised: $128.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Kohlberg Kravis Roberts (K.K.R.)
- Details: K.K.R. is a global investment firm known for its leveraged buyouts and growth equity investments. Herald Chen, co-head of technology at K.K.R., pursued the investment in Ping Identity.
- Investment Focus Areas: Growth equity, leveraged buyouts, established start-ups.
- Notable Investments: RJR Nabisco, HCA.
- Ten Eleven Ventures
- Details: Ten Eleven Ventures is a venture capital firm founded by security specialist Alex Doll. The firm focuses on investments in the security sector.
- Investment Focus Areas: Security sector, technology investments.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Draper Fisher Jurvetson
- Details: Draper Fisher Jurvetson is a venture capital firm known for investing in early-stage technology companies. They participated in Ping Identity's funding rounds as an existing investor.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- General Catalyst Partners
- Details: General Catalyst Partners is a venture capital firm that invests in early-stage and growth-stage companies. They have been involved in multiple funding rounds for Ping Identity.
- Investment Focus Areas: Early-stage companies, growth-stage companies, various sectors.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- SAP Ventures
- Details: SAP Ventures is the venture capital arm of SAP, focusing on enterprise software and technology investments. They participated in Ping Identity's funding rounds as an existing investor.
- Investment Focus Areas: Enterprise software, technology.
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Ping Identity?
Ping Identity stands at the cusp of significant growth, driven by the increasing need for robust security solutions in a world where hacking and data theft are rampant. The company's focus on creating a universal identity for corporations positions it well to capitalize on the shift to internet-based work environments. With a recent $35 million funding round, Ping Identity is poised to expand its market presence and innovate further.
Future fundraising opportunities look promising, with the company considering an initial public offering (I.P.O.) in the coming years. This move could attract substantial investment, enabling Ping Identity to scale operations and enhance its product offerings. However, the path to an I.P.O. is fraught with challenges, including the need to maintain rapid growth and achieve strong profitability metrics.
As Ping Identity navigates these opportunities and challenges, the involvement of major investors like K.K.R. and the focus on growth metrics suggest a strategic approach to future funding and potential acquisitions. The company's ability to innovate and adapt will be crucial in maintaining its competitive edge in the dynamic security software market.
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