ISRAEL – Silverfort, a Boston, MA- Tel Aviv, Israel- and Singapore-based provider of a Unified Identity Threat Protection platform, closed a $65m Series C funding.
The round was led by Greenfield Partners, with participation from GM Ventures, Acrew Capital, Vintage Investment Partners and existing investors StageOne Ventures, Singtel Innov8, Citi Ventures, Aspect Ventures and Maor Investments. Avery Schwartz, Partner at Greenfield Partners, will join the company’s board of directors.The funding will be used to scale the business and team globally and continue to expand the platform’s unique technological advantage.Led by Hed Kovetz, Co-Founder and CEO, and Yaron Kassner, Co-Founder and CTO, 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. The patented technology doesn’t require modifications to the customer’s endpoints, servers or applications, and enables customers to extend security controls such as Multi-Factor Authentication (MFA) from any vendor to previously unsupported resources and environments, or consolidate their hybrid IAM stack by ‘bridging’ legacy systems and protocols into modern identity platforms like Azure AD.The platform also enables customers to protect previously ‘unprotectable’ resources without requiring agents, proxies or application changes. This includes legacy systems, command-line interfaces, industrial OT systems (including air-gapped networks), IT infrastructure, service accounts (machine-to-machine access) and more. 13/04/2022
