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Silverfort Banks $65 Million for Identity Threat Protection Platform

Identity security firm Silverfort on Tuesday announced closing a $65 million Series C funding round that brings the total raised by the company to just over $100 million.

Identity security firm Silverfort on Tuesday announced closing a $65 million Series C funding round that brings the total raised by the company to just over $100 million.

The investment round was led by Greenfield Partners, with participation from Acrew Capital, GM Ventures, Vintage Investment Partners, Aspect Ventures, Citi Ventures, Maor Investments, Singtel Innov8, and StageOne Ventures.

Founded in 2016, the Tel Aviv, Israel-based Silverfort has developed a unified identity threat protection platform that provides identity threat detection and response (ITDR) and identity threat prevention (ITP) capabilities on top of existing IAM infrastructure.

[ READ: Blockchain Security Firm CertiK Raises $88 Million at $2 Billion Valuation ]

Silverfort claims it can stop identity-based attacks without modifying the customer’s infrastructure or applications, and says it can help protect previously unsupported resources, including legacy systems, industrial OT systems, service accounts, and more.

“These previously unprotected assets are often viewed as the weakest link in enterprise security,” Silverfort co-founder and CTO Yaron Kassner said. “By enabling secure authentication and access to these assets, Silverfort allows companies to close their deepest security gaps, and to comply with regulations and cyber insurance requirements.”

Silverfort says the new infusion of cash will help it scale its business, hire new talent globally, and continue to expand its Unified Identity Threat Protection platform.

Related: Silverfort Raises $30 Million to Expand Agentless Authentication Platform

Related: Coro Raises $80 Million for Cybersecurity Platform for Mid-Market Organizations

Related: Antimatter Emerges From Stealth Mode With $12M to Secure Customer Data

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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