Ping Identity, a Denver, CO-based identity security company, raised $35m in funding.
The round, which brought total funding to $110m, was led by KKR with participation from Ten Eleven Ventures, as well as existing investors Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures, W Capital Partners, Volition Capital, Triangle Peak Partners and Appian Ventures. Upon closing this transaction, Herald Chen, co-head of technology at KKR, and Alex Doll, founder, Ten Eleven Ventures, will join Ping Identity’s Board of Directors.
The company intends to use the funds for product innovation and international expansion.
Led by Andre Durand, founder and CEO, Ping Identity provides identity security solutions that give customers and employees quick access to any application from any device. The company serves more than 1,200 customers worldwide from its offices in San Francisco and Waltham, Mass., in Vancouver, Halifax, London and Melbourne.
FinSMEs
18/09/2014