About Ping Identity
Ping Identity is a company based in Denver (United States) founded in 2002 by Andre Durand was acquired by Thoma Bravo in August 2022.. Ping Identity has raised $136.89 million across 17 funding rounds from investors including SVB, KKR and Hercules Capital. The company has 821 employees as of December 31, 2022. Ping Identity has completed 8 acquisitions, including Accells, Elastic Beam and Keyless. Ping Identity operates in a competitive market with competitors including Okta, ForgeRock, Stytch, JumpCloud and SecureAuth, among others.
- Headquarter Denver, United States
- Employees 821 as on 31 Dec, 2022
- Founders Andre Durand
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$36.94 M (USD)51as on Dec 31, 2022
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Net Profit
$2.5 M (USD)520as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$136.89 M (USD)
in 17 rounds
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Latest Funding Round
$182.4 K (USD), Series E
Nov 10, 2014
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Investors
SVB
& 15 more
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Employee Count
821
as on Dec 31, 2022
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Investments & Acquisitions
Accells
& 7 more
- Acquired by
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Software Development Team
281 people
Sales and Marketing
53 people
Leadership Team
48 people
Senior Team
47 people
Product Management Team
39 people
Principal Team
15 people
Finance and Accounting
13 people
Human Resources and Administration
13 people
Unlock access to complete
Funding Insights of Ping Identity
Ping Identity has successfully raised a total of $136.89M across 17 strategic funding rounds. The most recent funding activity was a Series E round of $182.4 thousand completed in November 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Series E — $182,400
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First Round
First Round
(13 Dec 2002)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2014 | Amount | Series E - Ping Identity | Valuation |
investors |
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| Sep, 2014 | Amount | Series E - Ping Identity | Valuation | KKR | |
| Nov, 2013 | Amount | Series E - Ping Identity | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ping Identity
Ping Identity has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, KKR and Hercules Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Early & growth stage centric tech-focused VC firm investing in cybersecurity startups
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ping Identity
Ping Identity has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Accells, Elastic Beam and Keyless. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multifactor authentication IAM solutions are provided for multiple devices.
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2019 | ||||
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Cloud-based biometric authentication and identity management solutions are provided.
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2018 | ||||
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Digital identity verification is enabled through blockchain and cryptographic hashing.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ping Identity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ping Identity Comparisons
Competitors of Ping Identity
Ping Identity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Okta, ForgeRock, Stytch, JumpCloud and SecureAuth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based identity management and authentication are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based identity verification solutions are provided for customers.
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| domain | founded_year | HQ Location |
User authentication solutions are provided for modern applications.
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| domain | founded_year | HQ Location |
Cloud-based directory management for user and IT authentication is provided.
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| domain | founded_year | HQ Location |
Platform that features in customer identity and access management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ping Identity
Frequently Asked Questions about Ping Identity
When was Ping Identity founded?
Ping Identity was founded in 2002.
Where is Ping Identity located?
Ping Identity is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Ping Identity?
Andre Durand is the current CEO of Ping Identity. They have also founded this company.
Is Ping Identity a funded company?
Ping Identity is a funded company, having raised a total of $136.89M across 17 funding rounds to date. The company's 1st funding round was a Series E of $576.74K, raised on Dec 13, 2002.
How many employees does Ping Identity have?
As of Dec 31, 2022, the latest employee count at Ping Identity is 821.
What is the annual revenue of Ping Identity?
Annual revenue of Ping Identity is $36.94M as on Dec 31, 2022.
What does Ping Identity do?
Ping Identity was founded in 2002 in Denver, United States, focusing on the identity management sector. Cloud-based solutions are delivered to enable federated access to applications through existing infrastructure. Single sign-on capabilities are supported, including sign-ins from social networking sites for security enhancement. Products encompass PingOne Neo, orchestration tools, threat protection, identity verification, the PingOne cloud platform, and customer-focused options.
Who are the top competitors of Ping Identity?
How many acquisitions has Ping Identity made?
Ping Identity has made 8 acquisitions, including Accells, Elastic Beam, and Keyless.
Who are Ping Identity's investors?
Ping Identity has 16 investors. Key investors include SVB, KKR, Hercules Capital, Thoma Bravo, and W Capital Partners.