THANK YOU FOR SUBSCRIBING
Tel Aviv-based authentication provider Silverfort has ended up $11.5-million Series The round was driven by TLV partners, with interest from early investors StageOne Ventures and Singtel Innov8. In conjunction with the subsidizing, Shahar Tzafrir, Managing Partner at TLV Partners, will join the Silverfort board.
"Our goal is to enable strong authentication across all enterprise assets without reducing productivity. Existing authentication solutions can no longer handle the scale, diversity and dynamic nature of today’s networks. With compromised credentials being leveraged in 81% of all data breaches, it is clear that these solutions must evolve. Silverfort introduces the next generation of authentication solutions, seamlessly enabling strong authentication everywhere without any modifications to endpoints and servers. We are receiving amazing reactions from the market and plan to use the new investment to meet this demand.” said Hed Kovetz, CEO and Co-Founder of Silverfort.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
“Dramatic changes in today’s enterprise environment, including IoT and cloud, create a new attack surface that calls for a new breed of authentication solutions,” said Shahar Tzafrir, Managing Partner at TLV Partners,
The organization will utilize the proceeds to extend its business, showcasing, digiital protection research and developing groups in the US, Israel and Europe.
Check out: Enterprise Technology Review
More in News