About Silverfort
Silverfort is a company based in Tel Aviv (Israel) founded in 2016 by Yaron Kassner and Hed Kovetz.. Silverfort has raised $222.5 million across 5 funding rounds from investors including Citi, Singtel and Singtel Innov8. Silverfort has completed 1 acquisition, including Rezonate. Silverfort offers products and services including Universal MFA, NHI Security, Authentication Firewall, Privileged Access Security, and ITDR. Silverfort operates in a competitive market with competitors including Okta, Ping Identity, ForgeRock, Stytch and JumpCloud, among others.
- Headquarter Tel Aviv, Israel
- Founders Yaron Kassner, Hed Kovetz
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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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Products & Services of Silverfort
Silverfort offers a comprehensive portfolio of products and services, including Universal MFA, NHI Security, Authentication Firewall, Privileged Access Security, and ITDR. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Extends multi-factor authentication to various systems for enhanced security.
Discovers and protects non-human identities in enterprise environments.
Enforces zero-trust policies to prevent unauthorized access attempts.
Secures privileged accounts beyond basic management tools.
Detects and responds to identity threats in real time.
Identifies and fortifies identity security weaknesses across systems.
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Funding Insights of Silverfort
Silverfort has successfully raised a total of $222.5M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $116 million completed in January 2024. 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 5
- Last Round Series D — $116.0M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Series D - Silverfort | Valuation | Brighton Park Capital | |
| Apr, 2022 | Amount | Series C - Silverfort | Valuation | Greenfield Partners | |
| Aug, 2020 | Amount | Series B - Silverfort | Valuation | Aspect Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Silverfort
Silverfort has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi, Singtel and Singtel Innov8. 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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Brighton Park Capital is focused on growth equity investments.
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Early-stage startups are funded by Acrew Capital venture firm.
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Corporate venture capital firm backed by Citi
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Silverfort
Silverfort has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rezonate. 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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Cloud infrastructure security is offered through Rezonate's platform.
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2021 |
| 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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Silverfort
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Silverfort Comparisons
Competitors of Silverfort
Silverfort 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, Ping Identity, ForgeRock, Stytch and JumpCloud, 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 |
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| domain | founded_year | HQ Location |
Cloud-based identity management and authentication are provided for enterprises.
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Cloud-based identity management solutions are provided for enterprises.
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Cloud-based identity verification solutions are provided for customers.
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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 |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silverfort
Frequently Asked Questions about Silverfort
When was Silverfort founded?
Silverfort was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Silverfort located?
Silverfort is headquartered in Tel Aviv, Israel.
Who is the current CEO of Silverfort?
Hed Kovetz is the current CEO of Silverfort. They have also founded this company.
Is Silverfort a funded company?
Silverfort is a funded company, having raised a total of $222.5M across 5 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Jun 14, 2017.
What does Silverfort do?
Silverfort was founded in 2016 in Tel Aviv, Israel, within the cybersecurity sector. A unified identity protection platform is provided to extend multi-factor authentication to legacy and unsecured resources. Service account discovery and protection are automated, while identity threats are detected to mitigate data breaches. Operations focus on preventing unauthorized access across hybrid environments.
Who are the top competitors of Silverfort?
Silverfort's top competitors include Ping Identity, Okta and ForgeRock.
What products or services does Silverfort offer?
Silverfort offers Universal MFA, NHI Security, Authentication Firewall, Privileged Access Security, and 2 more products and services.
How many acquisitions has Silverfort made?
Silverfort has made 1 acquisition, including Rezonate.
Who are Silverfort's investors?
Silverfort has 15 investors. Key investors include Citi, Singtel, Singtel Innov8, Brighton Park Capital, and Acrew Capital.