Cybersecurity startup Semperis raises over $200 million
Israeli-American cybersecurity startup Semperis said it raised more than $200 million in a funding round led by private equity firm KKR & Co at a significantly higher valuation than the previous round.
Existing investors, including Insight Partners, and new investors such as Ten Eleven Ventures have joined KKR in the round, Semperis told Reuters. Calcalist has learned that $100 million of the round will go to side deals with veteran shareholders.
Although the company did not disclose its latest valuation, it was valued at around $142 million after raising $40 million in May 2020, data from private market data provider PitchBook showed.
The Hoboken, New Jersey-based identity security firm said it has since seen robust growth as companies invest in security solutions that could better protect them in a remote work environment.
Semperis was founded in 2013 by CEO Michael Brezman, CTO Guy Teverovsky and Matan Liberman, who serves as executive vice president of business development and heads the company’s Tel Aviv branch.
“We are focused on cyber resilience and identity-based threat mitigation because in this new reality where businesses are working remotely and accessing applications and assets in the cloud, putting everything behind a firewall no longer offers the same degree of protection,” said the CEO of Semperis. Mickey Bresman.
Founded in 2014, Semperis provides identity security solutions for hybrid Active Directory users, with a focus on Microsoft’s Active Directory – a directory service widely used by Fortune 500 companies worldwide. the sectors.
Semperis reported revenue of $11.6 million in 2020 and told Reuters its revenue more than doubled year-on-year.
With this new funding, Semperis said it plans to expand its research and development team in the United States, Canada and Israel, and continue to grow its customer base in Europe and Asia.
It also said it plans to go beyond identity protection to protect all of a customer’s cloud data.
KKR is investing through its Next Generation Technology Growth Fund II, which raised $2.2 billion from investors in January 2020.
An active investor in cybersecurity companies, KKR’s portfolio includes artificial intelligence firm Darktrace and digital identity management firm ForgeRock, both of which went public last year.