Silverfort management (Silverfort)
Silverfort, an Israeli cybersecurity startup that provides a Unified Identity Threat Protection platform, raised $116 million in Series D funding. The company has now raised $222 million.
So, Silverfort has proven that not only does Israel Startup Nation continue to be the leader in developing cybersecurity tech, but also that after more than three months of fighting in Gaza the country has not slowed down, nor have investors been scared off.
There is a reason why cybersecurity startups are so valuable today. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.
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And what country is better suited to be the leading innovator in the nworld when it comes to this field?
Everyone knows that Israel has been at the forefront of security – all security – since its inception, from military innovations to cybersecurity. Now, combine that with Israel’s high-tech sector and the ability of Israelis to innovate and be problem solvers in just about any field.
And add to that the vaunted cybersecurity units in the IDF. Take a smart Israeli kid who is already an expert with computers, put him in a military cybersecurity unit, add sugar and bake for a few years and you will get a new cybersecurity high-tech startup.
Founded in 2016 by Hed Kovetz, Matan Fattal, and Yaron Kassner, all graduates of the Israeli military’s Unit 8200, Silverfort has tech that it says enables “secure authentication and access in a unified manner across all corporate resources, both on-premises and in the cloud, to detect and stop identity-based attacks including account takeover and ransomware propagation.”
Using patented technology, Silverfort enforces its protection as a layer on top of the customer’s existing IAM infrastructure, without requiring modifications to endpoints, servers or applications – a capability which is unmatched in the market. This includes resources that couldn’t be protected before, such as legacy applications, command-line interfaces, industrial systems, machine-to-machine access and more. Its platform enables Identity Threat Detection and Response (ITDR), agentless Multi-Factor Authentication (MFA), discovery and protection of service accounts (non-human identities), and adaptive Zero Trust security policies.
“Identity has become the weakest link in enterprise security, and solving it requires a new approach – a unified, end-to-end layer of security that covers all the silos and blind spots of the identity infrastructure,” said Silverfort CEO Hed Kovetz. “We are very excited about our new partnership with BPC, which will allow us to accelerate our platform vision and strong business momentum. We look forward to reshaping the way identity security is done in every company, to effectively answer today’s and tomorrow’s cyber threats.”
