Silverfort, a leading cybersecurity startup with expertise in identity protection, has revealed a successful late-stage funding round that secured $116 million. Brighton Park Capital spearheaded the round, with substantial contributions from Citi Ventures and General Motors Ventures. The growing emphasis on cybersecurity, fueled by the increasing threat landscape, has led companies, major institutions, and governments to amplify their investments in fortifying defenses against cyber attacks and data breaches to safeguard assets, customers, and employees.

Hed Kovetz, CEO and Co-Founder of Silverfort, has disclosed that the newly acquired funding will be utilized to enhance the current product lineup and explore new domains, showcasing the company's dedication to innovation and staying at the forefront of the rapidly evolving cybersecurity landscape. Silverfort counts high-profile clients such as Agoda, UPS, and Samsonite, and has established a strategic partnership with tech giant Microsoft.

With the series D funding round securing $116 million, Silverfort's total capital raised now stands at an impressive $222 million. Noteworthy investors in this round include Acrew Capital, Greenfield Partners, Maor Investments, Vintage Investment Partners and Singtel Innov8. CEO Hed Kovetz outlined Silverfort's future trajectory, stating, "Looking ahead, we plan to invest heavily in expanding our existing products and venturing into new areas to ensure we have the most comprehensive, end-to-end identity protection platforms for our customers".