What is Ping Identity?
Ping Identity provides robust security software solutions designed to prevent security breaches, manage sensitive data, and enhance user engagement by optimizing both security and convenience. Headquartered in Denver, Colorado, the company has established itself as a key provider in the identity and access management sector, offering a comprehensive suite of tools that cater to the complex security needs of modern enterprises. Their offerings are critical for organizations looking to safeguard their digital assets and ensure seamless user experiences.
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 Fidelity Ventures, General Catalyst, and DFJ
Series C (2006): $13M supported by SAP Ventures, DFJ, Fidelity Ventures, I-Vent, General Catalyst, and Appian Ventures
Series D (2011): $21M featuring Volition Capital, Triangle Peak Partners, General Catalyst, Appian Ventures, Silicon Valley Bank, SAP Ventures, and DFJ
Series E (2013): $44M backed by Draper Associates, SAP Ventures, W Capital Partners, Draper Fisher Jurvetson, Volition Capital, Triangle Peak Partners, General Catalyst, Appian Ventures, and Silicon Valley Bank
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
Volition Capital
Volition Capital is a growth equity firm specializing in founder-owned, capital-efficient businesses, particularly in the technology and software sectors, providing capital and strategic support for market leadership.
Triangle Peak Partners
Triangle Peak Partners is a multi-strategy asset management firm focused on growth-stage investments in technology, clean tech, and energy sectors, aiming to drive growth and value in innovative companies.
General Catalyst
General Catalyst is a venture capital firm that identifies and supports transformational business opportunities, partnering with entrepreneurs to accelerate growth and build enduring enterprises across technology, healthcare, and financial services.
What's next for Ping Identity?
With a history of substantial capital raises, Ping Identity is well-positioned for continued expansion and innovation in the dynamic cybersecurity market. The company's strategic focus on identity security solutions, coupled with its established enterprise-level funding, suggests a trajectory aimed at further solidifying its market leadership. Future developments are likely to involve advancements in cloud security, zero-trust architectures, and AI-driven threat detection, enabling businesses to navigate an increasingly complex threat environment with greater confidence and efficiency. This ongoing investment in technology and market presence indicates a commitment to addressing evolving security challenges.
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