A $65m Series C funding was secured by Silverfort, a Boston, MA, Tel Aviv and Singapore-based provider a Unified Identity Threat Protection system.
Greenfield Partners was the leader of the round. Acrew Capital, Vintage Investment Partners, StageOne Ventures and existing investors StageOne Ventures. Citi Ventures. Aspect Ventures. Maor Investments were also involved. 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 (including air-gapped systems), IT infrastructure, and service accounts (machine–to-machine access).