Silverfort Cyber Startup Raises $116M, Fortifying Identity Protection

A Tel Aviv-based cybersecurity startup called Silverfort has raised $116 million in a Series D funding round led by Brighton Park Capital. The round included participation from existing investors Acrew Capital, Greenfield Partners, Citi Ventures, General Motors Ventures, Maor Investments, Vintage Investment Partners, and Singtel Innov8. Silverfort aims to provide identity protection for enterprises by operating a single layer on top of all distributed environments. The funds raised will be used for internal growth, expanding the company’s footprint, and further developing its platform. Silverfort has experienced a 100% year-on-year growth in revenue. The funding round comes at a time when venture funding for cybersecurity startups has been low, and it marks the fifth largest funding round for an Israel-based startup since the beginning of 2023.