Kriti PatelTLDR:
- Israeli identity protection startup Silverfort has raised $116 million in a funding round led by Brighton Park Capital and joined by other US investment firms.
- The funding will be used to expand Silverfort’s global presence and enhance its security solutions.
- Silverfort’s technology offers real-time protection for users and accounts, eliminating blind spots in identity security.
- The company’s products can scan and analyze user identities and security posture within minutes.
Israeli identity protection startup Silverfort has announced that it has raised $116 million in a funding round joined by several leading US investment firms. The Tel Aviv-based startup plans to use the funding to expand its global presence and further develop its security solutions. 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.
Silverfort’s technology offers real-time protection for users and accounts that are highly targeted by cyber attacks. Its products can quickly scan and analyze a company’s user identities and security posture, helping to identify and address potential vulnerabilities.
The funding round was led by Brighton Park Capital, an investment firm that focuses on software, healthcare, and tech services. Other investors include Acrew Capital and Citi Ventures. Silverfort’s CEO Hed Kovetz expressed excitement about the partnership with Brighton Park Capital and the opportunity to reshape identity security practices in companies.
Overall, Silverfort’s funding success highlights the growing importance of identity protection in the face of increasing cyber threats. By securing user identities and offering real-time protection, the startup aims to enhance security measures for companies and mitigate potential risks.
