Silverfort Obtains $116 Million to Enhance Its Global Identity Security Solutions

Cybersecurity The innovative startup Silverfort has successfully raised $116 million to enhance its identity protection services by creating a unified security layer that can operate across all the various environments within a business. This Series D funding round was spearheaded by Brighton Park Capital, with support from existing investors such as Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners, and Singtel Innov8.

According to Silverfort, it plans to expand Currently operating in 15 nations, the company plans to utilize this additional capital to further develop its platform by integrating new, cutting-edge product modules. Furthermore, it intends to accelerate its market-entry strategies while focusing on establishing strong channel partnerships.

The startup is aware that potential vulnerabilities arise from numerous sources, including individuals, machines, various cloud services, and both older and newer applications. Therefore, it stresses the critical need for comprehensive identity authentication across all interactions to thwart malicious attacks. breach \"In the realm of enterprise security, identity has become the most vulnerable aspect. Addressing this issue demands an innovative approach – a comprehensive, cohesive security layer that encompasses every gap and blind spot within the identity framework,\" remarked Hed Kovetz, the co-founder and CEO of Silverfort.

"We’re thrilled about our new collaboration with BPC, as it empowers us to accelerate our vision for the platform and maintain strong growth. Our aim is to redefine how businesses approach identity security, effectively addressing both current and future cybersecurity threats,\" he added.

Silverfort's Strategy for Comprehensive Identity Security Across Enterprises

The company has identified that compromised user identities are now a prevalent method for cybercriminals seeking to infiltrate corporate networks. Additionally, as organizations transition to hybrid and multi-cloud environments, security measures have become disjointed; a staggering 92% of firms depend on a mix of cloud-native and on-premises identity solutions from various providers. This creates isolated environments, each with its own security protocols, which can expose critical assets to exploitation by threat actors.

Silverfort's platform is designed to bridge these gaps and eliminate blind spots in identity protection. cyberattackers Key functionalities of the platform include advanced multi-factor authentication (MFA), identity threat detection and response (ITDR), identity security posture management (ISPM), and real-time defenses for privileged accounts and services, which are prime targets for cyberattackers.

Silverfort's solution integrates seamlessly with an organization's entire identity framework, acting as a centralized enforcement mechanism that assesses security posture, scrutinizes access attempts in real time, and invisibly implements active inline policies across all operating environments.

As threats become more nuanced and sophisticated, solutions like Silverfort's platform represent meaningful progress in fortifying organizational networks against the risk posed by compromised user identities. As companies navigate the intricate challenges of safeguarding their digital assets, they must not only keep pace with emerging threats but also ensure robust identity security in today's dynamic cyber environment.

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With cybersecurity threats Kumar is a seasoned Tech Journalist specializing in the fast-evolving intersections of AI/ML, marketing technology, and emerging sectors like crypto, blockchain, and NFTs. With three years of experience in the field, Kumar has built a solid reputation for crafting compelling stories, conducting thought-provoking interviews, and delivering in-depth analyses. Kumar excels in creating high-impact materials including articles, reports, and research for leading industry platforms, leveraging a unique blend of technical acumen and engaging storytelling to communicate complex technological concepts to varied audiences.