Teleport rakes in $110m from Bessemer-led Series C

Teleport, an identity-based infrastructure access management platform for engineers, has pulled in $110m from a Series C funding round.

The round was led by Bessemer Venture Partners and saw participation from Kleiner Perkins, Insight Partners and S28 Capital. This latest funding round values the company at $1.1bn.

Founded in 2015, Teleport offers companies secure access to their critical infrastructure through connectivity, authentication, authorisation and audit – ensuring that the right people are able to secure access to the right systems at the right time, in any place.

According to VentureBeat, the company assigns identities to all the hardware, software and ‘peopleware’ that constitutes a company’s stack, eliminating the need for both passwords and private keys.

The company offers an open-source community edition in the situations where a firm needs to build and run its software, hosting everything on their own infrastructure.

Teleport said it has seen its customer base almost double and revenue triple last year.

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