Cyber resilience platform Semperis scores Series C led by private equity firm

Identity-driven cyber resilience platform Semperis has collected a $200m Series C funding round, which was led by private equity giant KKR.

Other commitments came from Ten Eleven Ventures, Paladin Capital Group, Atrium Health Strategic Fund and Tech Pioneers Fund. Insight Partners, which is an existing investor in Semperis, also joined the round.

With the capital, the company plans to hire staff globally, with a focus on its identity-focused incident response team. The company also plans to bolster its research and development efforts.

Semperis protects hybrid active directory environments and currently safeguards 50 million identities from cyberattacks, data breaches and operational errors. Its technology is used by companies in the financial services, insurance, healthcare, retail and transportation sectors.

The company claims the active directory is the “Achilles heel” for enterprise security. If exposed, criminals can have easy access to the whole system. Semperis enables teams to bolster the defence with threat mitigation and cyber resilience.

Features include exposure identification, cyber preparedness testing, bolstered defences, sensitive account protection, advanced attack detection, incident response, forensic data investigation and disaster recovery.

According to the Financial Times 2022 ranking, Semperis is the fastest-growing cybersecurity company in America.

KKR invested into the CyberTech company via its $2.2bn Next Generation Technology Growth Fund II, which is focused on growth equity investments in the technology sector.

As part of the deal, KKR Tech Growth Fund director Ben Pederson has joined the Semperis board of directors.

Pederson said, “A very dedicated customer base, including a growing number of the largest organizations in the world, trust Semperis to defend their critical identity systems from cyberattacks.

“The vast majority of attacks today are identity-based, targeting credentials to infiltrate businesses. Semperis’ leading identity protection technology and incident response expertise are delivering category-defining innovation, and KKR is proud to back their mission.”

Last week, fellow CyberTech company Pathlock secured $200m in funding. The company, which recently went on a merger and acquisition spree, monitors user activity to ensure correct permissions are being used to access data.

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