ID security firm Silverfort scores $65m Series C

Silverfort, an identity security platform, has closed a Greenfield Partners-led Series C funding round on $65m.

The round also saw participation from Acrew Capital, Vintage Investment Partners, Aspect Ventures, Citi Ventures, Maor Investments, StageOne Ventures, Singtel Innov8 and GM Ventures. Following this raise, Silverfort has raised just over $100m since inception.

Founded in 2016, Israel-based Silverfort is a provider of what it claims to be the first unified identity protection platform. This platform, the firm states, consolidates security controls across corporate networks and cloud environments to block identity-based attacks.

The company claims that the platform can stop the attacks without modifying the customer’s infrastructure or applications and can help protect previously unsupported resources such as legacy systems, service accounts and industrial OT systems.

Silverfort plans to use the influx of capital to help it scale its business, hire new talent globally and continue to expand its platform.

Silverfort co-founder and CTO Yaron Kassner said, “These previously unprotected assets are often viewed as the weakest link in enterprise security. 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.”

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