Silverfort Raises $30 Million to Expand Agentless Authentication Platform
Silverfort, a provider of an agentless, proxyless authentication platform, announced this week that it has raised $30 million in a Series B funding round led by Aspect Ventures.
The additional funding, which brings the total investment in the company to $41.5 million, will help the company expand its sales, marketing, engineering and support teams globally.
Founded by three veterans of the Israeli Defense Force (IDF) Unit 8200, Silverfort’s platform helps customers deploy secure authentication and Zero Trust policies across corporate networks and cloud environments, without the need for software agents or inline proxies.
The platform also enables risk-based multi-factor authentication for users, devices and resources, including in-house applications, IT infrastructure, file systems, machine-to-machine access and more. The company also says that its platform offers protection to interfaces and access tools that allow attackers to bypass all other MFA solutions (Remote PowerShell, PsExec, etc.).
“With the shift to remote working, secure employee authentication and access to company networks and systems have grown increasingly important for enterprises,” said William Woo, Group CIO at Singtel. “However, many large enterprises find it difficult to implement such controls across all their different environments quickly. Silverfort’s innovative solution simplifies this process without requiring system modifications, enabling them to save time and costs.”
Citi Ventures, Maor Investments, and the company’s early investors TLV Partners, StageOne Ventures and Singtel Innov8, also participated in the Series B round.