Founders of Silverport (Photo by Micha Loveton)
The Silverfort startup has completed a $ 65 million round of funding. The current round of fundraising actually brings the company’s fundraising since its inception to more than $ 100 million.
Silverport has developed a platform for protecting user identities and enabling organizations to prevent cyberattacks that use stolen user identities. Ventures, Singtel Innov8, Citi Ventures, Aspect Ventures and Maor Investments.
More in-
The Silverport platform is in fact an inclusion of enterprise security mechanisms that allow customers to apply authentication and access uniformly across all existing systems in the enterprise network and cloud, including many systems that could not be protected before, for the first time without having to make changes to those systems.
Most organizations in the world use several different identification solutions simultaneously, some within the network and some in the cloud, which usually belong to providers that compete with each other and therefore the solutions do not communicate with each other.
This means that each identification solution sees a partial picture of the organization – specific users, specific cloud environments, or a particular type of system – and there are still many systems that do not support secure authentication at all. Silverfort’s unique technology enables identity protection to be applied uniformly across all users, end devices and systems in the organization, through a uniform and transparent layer of protection that works over all existing identification solutions, detects threats and prevents them in real time. Silverfort’s solution leads a new and growing field in cyber, known by Gartner Identity Threat Detection and Response.
“80% of all cyberattacks today use stolen identities, and there is a very strong demand for a solution that will protect identities broadly and uniformly across the entire organization, and not just for some systems and forms of connection.” Our customers have reported cases where the platform has identified and stopped takeover accounts and attempts to distribute ransomware on their corporate network that no other product could have prevented.
“Our technology is reshaping the identity security market to suit the modern world where people work from anywhere and connect to many types of systems that can be found anywhere. “90% of the organizations that experience the platform become customers, so every month dozens of new organizations are added to our customers, including some of the largest companies in the world.”
“Silverfort has been working for years to develop a unique technology that solves a very difficult information security problem,” said Avery Schwartz, a partner at Greenfield Partners Investment Fund, which joined the company’s board of directors. We are excited to join the joint journey and believe that the strong momentum that the company currently has is just the beginning. ”
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