Total amount raised
$222.5 Million
Latest funding date
1/1/2024
Location
Silverfort has successfully raised funding over seven rounds, with the latest being a Series D round. The company is backed by 13 investors, including Singtel Innov8 and Vintage Investment Partners.
Silverfort's Identity Security Platform offers comprehensive protection for all identities across various environments, including legacy systems and cloud. Keep reading to explore the intricacies of Silverfort's fundraising journey and the investors backing this innovative platform.
What Is Silverfort?
Silverfort, based in Dallas, Texas, operates in the Cyber Security, Enterprise Software, Identity Management, and Network Security industries. The company has an employee count between 251-500.
Silverfort's identity security platform is designed to protect all types of identities, including human, machine, and AI, across both cloud and on-premises environments. The platform integrates seamlessly with existing IAM infrastructure, providing comprehensive protection without requiring changes to systems or workflows.
How Much Funding Has Silverfort Raised?
- Series D
- Amount Raised: USD 116,000,000
- Date: January 2024
- Lead Investors: Brighton Park Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Silverfort's platform with new product modules, accelerate its go-to-market strategy, and address challenges in identity security.
- Series C
- Amount Raised: USD 65,000,000
- Date: April 2022
- Lead Investors: Greenfield Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and further develop its identity security platform.
- Series B
- Amount Raised: USD 30,000,000
- Date: August 2020
- Lead Investors: Aspect Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and expand market reach.
- Series A
- Amount Raised: USD 11,500,000
- Date: June 2018
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate product development.
- Seed
- Date: November 2017
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial product development and market entry.
- Convertible Note
- Date: July 2016
- Lead Investors: StageOne Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure early-stage funding for product development.
- Seed
- Date: April 2016
- Lead Investors: StageOne Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
Total amount raised: USD 222,500,000. Current valuation: Not publicly disclosed.
Key Investors
- Brighton Park Capital
- Details: Brighton Park Capital is a Greenwich, Conn.-based investment firm. Mike Gregoire, a founding partner, will join Silverfort’s Board of Directors.
- Investment Focus Areas: Technology, healthcare, business services.
- Notable Investments: Not specified.
- Greenfield Partners
- Details: Greenfield Partners is an existing investor in Silverfort. They focus on growth-stage technology companies.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Not specified.
- Aspect Ventures
- Details: Aspect Ventures is a venture capital firm that led Silverfort's Series B round. They focus on early-stage investments.
- Investment Focus Areas: Technology, cybersecurity, enterprise software.
- Notable Investments: Not specified.
- TLV Partners
- Details: TLV Partners is a venture capital firm that led Silverfort's Series A round. They focus on early-stage technology companies.
- Investment Focus Areas: Technology, cybersecurity, enterprise software.
- Notable Investments: Not specified.
- StageOne Ventures
- Details: StageOne Ventures is a venture capital firm that led Silverfort's convertible note and initial seed rounds. They focus on early-stage technology companies.
- Investment Focus Areas: Technology, cybersecurity, enterprise software.
- Notable Investments: Not specified.
What's Next for Silverfort?
Silverfort stands at the cusp of significant opportunities, driven by its mission to unify identity protection across all enterprise resources. With a recent $116 million funding boost, the company is poised to expand its platform with innovative product modules and accelerate its go-to-market strategy. The demand for comprehensive identity security solutions is growing, especially as enterprises navigate the complexities of hybrid and multi-cloud environments.
Future fundraising opportunities appear promising, given Silverfort's impressive growth trajectory and the increasing importance of cybersecurity. The company may attract further investments to support its expansion and development efforts. However, challenges such as integrating with diverse IAM infrastructures and maintaining consistent security enforcement across fragmented environments remain. Navigating these hurdles will be crucial for Silverfort's continued success in the rapidly evolving cybersecurity landscape.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Silverfort and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
