Identity Protection Startup Raises $116M From US Investment Firms

Israeli identity protection startup Silverfort says it has raised $116 million in a funding round joined by many leading US investment firms. 

The Tel Aviv-based startup intends to use the funding to expand its global presence and continue to include its security across companies. 

Silverfort claims that it can eliminate the blind spots in identity security and extend security measures to resources on the perimeter and in the cloud.  

The Tel Aviv-based company says its products are meant to give real-time protection for users and accounts that are among the most attacked targets.

Silverfort’s technology can within minutes scan and analyze a company’s user identities and security posture. The technology can also operate on several devices without having to install other programs. 

The funding round was led by Brighton Park Capital (BPC), an investment firm that focuses on software, healthcare and tech services, alongside numerous other investors including Acrew Capital and Citi Ventures. 

“We are very excited about our new partnership with BPC, which will allow us to accelerate our platform vision and strong business momentum,” said Silverfort’s Co-Founder and CEO Hed Kovetz. 

“We look forward to reshaping the way identity security is done in every company, to effectively answer today’s and tomorrow’s cyber threats.”