Secures $77M Round
has closed a $77 million growth funding round with Insight Venture
Partners, a leading global venture capital and private equity firm
focused on high growth technology and software companies.
Keyfactor will use the investment to continue its accelerating market
expansion and meet the growing demand for its comprehensive suite of
solutions, including Keyfactor Command (a complete and scalable
certificate management platform) and Keyfactor Control (providing
end-to-end identity security in the IoT lifecycle). The company has
doubled revenue year-over-year and now secures more than 500 million
certificates for Global 2000 clients worldwide.
"We're thrilled to join the Insight Venture Partners portfolio and look
forward to exponential growth and innovation," said Kevin von Keyserling,
Chief Executive Officer and Co-Founder at Keyfactor. "InfoSec
professionals are challenged to fully anticipate and understand their
cyber risk to continuously improve and scale their cyber defenses – and
Keyfactor is committed to giving our customers the freedom to fully
protect the next generation of applications and devices. This investment
enables us to strengthen our leadership position as innovation partner
to InfoSec professionals."
Founded in 2001 as Certified Security Solutions (CSS), Keyfactor
recently rebranded in November 2018 to reflect the Company's goal of
empowering global enterprises with the freedom to master every digital
identity. The Keyfactor platform automates real-time discovery,
monitoring, issuing and replacement of digital certificates and keys
while blocking untrusted access.
is a best-in-class technology solving a mission-critical problem for
enterprise security and the Company's commitment to customers is
unparalleled," said Michael Triplett, Managing Director at Insight
Venture Partners. "Keyfactor's suite of solutions enables businesses to
get ahead of today's threats while giving them the ability to scale and
innovate for the future. We evaluated this segment thoroughly and chose
to invest in the company that possessed clear technological leadership
and is driving the greatest customer success."
"We serve the industries where trust and reputation matter most –
including healthcare and financial services – and where innovative
solutions provide competitive advantage," said John Harris, Chief
Revenue Officer at Keyfactor. "Our significant growth and trust of our
clients demonstrates we are on the right path, and having the backing of
a pre-eminent investor like Insight Venture Partners gives Keyfactor
additional muscle to continue our sector-leading innovation to the full
benefit of our customers."