What is Ping Identity?
Headquartered in Denver, Colorado, Ping Identity provides sophisticated security software solutions designed to prevent breaches and streamline identity access management. In an era where digital perimeters are increasingly porous, the company's platform serves as a vital layer of defense, balancing robust security protocols with seamless user experiences. By focusing on the intersection of convenience and protection, Ping Identity has secured a dominant market position, serving large-scale enterprises that require high-availability, scalable identity services to support their digital transformation initiatives.
How much funding has Ping Identity raised?
Ping Identity has raised a total of $3.1B across 8 funding rounds:
Series B
$7.5M
Series C
$13M
Series D
$21M
Series E
$44M
Series F
$35M
Stock Offering
$187.5M
Private Equity
$2.8B
Series B (2005): $7.5M led by General Catalyst, Fidelity Ventures, and DFJ
Series C (2006): $13M supported by I-Vent, Fidelity Ventures, SAP Ventures, DFJ, Appian Ventures, and General Catalyst
Series D (2011): $21M featuring Triangle Peak Partners, General Catalyst, Volition Capital, Appian Ventures, Silicon Valley Bank, SAP Ventures, and DFJ
Series E (2013): $44M backed by Volition Capital, W Capital Partners, Triangle Peak Partners, Silicon Valley Bank, General Catalyst, Appian Ventures, Draper Associates, Draper Fisher Jurvetson, and SAP Ventures
Series F (2014): $35M with participation from KKR and Ten Eleven
Stock Issuance/Offering (2019): $187.5M led by Undisclosed
Private Equity (2022): $2.8B supported by Thoma Bravo
Key Investors in Ping Identity
General Catalyst
A prominent venture capital firm that identifies and supports transformational business opportunities, providing strategic capital and operational expertise to companies at critical inflection points.
DFJ
A leading global venture capital firm with a long history of backing industry-changing technology companies and providing the necessary resources for extraordinary entrepreneurs to scale.
Fidelity Ventures
A growth capital firm that invests in bold technology entrepreneurs, leveraging a 40-year heritage of venture investing to build market-leading businesses.
What's next for Ping Identity?
With a solid foundation of $3.1B in historical capital, Ping Identity is well-positioned to navigate the next phase of its corporate lifecycle. The recent $0 injection provides the necessary runway to accelerate product innovation, particularly in the realms of zero-trust architecture and decentralized identity. As the enterprise software market continues to prioritize security-first development, Ping Identity is expected to leverage its deep industry partnerships and established market presence to capture further market share. Future strategic efforts will likely focus on expanding its global footprint and integrating advanced AI-driven threat detection capabilities into its core identity platform, ensuring continued relevance in an evolving threat landscape.
See full Ping Identity company page
