What is Ping Identity?
Headquartered in Denver, Colorado, Ping Identity provides sophisticated security software solutions designed to prevent unauthorized access and manage sensitive data. The company occupies a critical position in the cybersecurity ecosystem, offering tools that enable organizations to manage digital identities while simultaneously improving user experience. By focusing on the intersection of security and convenience, Ping Identity addresses the fundamental challenges of modern digital transformation, helping enterprises navigate the risks associated with cloud adoption and mobile connectivity. Its market position is reinforced by a robust portfolio of identity-centric products that serve as a defensive layer for sensitive corporate assets.
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, DFJ, and General Catalyst
Series C (2006): $13M supported by General Catalyst, I-Vent, Fidelity Ventures, Appian Ventures, SAP Ventures, and DFJ
Series D (2011): $21M featuring Triangle Peak Partners, Silicon Valley Bank, General Catalyst, SAP Ventures, Appian Ventures, Volition Capital, and DFJ
Series E (2013): $44M backed by Draper Fisher Jurvetson, Silicon Valley Bank, General Catalyst, Draper Associates, Volition Capital, Triangle Peak Partners, W Capital Partners, SAP Ventures, and Appian 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
General Catalyst is a venture capital firm that partners with founders to build enduring enterprises, providing deep sector expertise and operational support to companies at critical inflection points.
Draper Fisher Jurvetson
Draper Fisher Jurvetson is a prominent venture capital firm with a global network, dedicated to identifying and funding extraordinary entrepreneurs who are determined to reshape their industries.
Fidelity Ventures
Fidelity Ventures, now operating as part of a global network, provides long-term capital and collaborative support to fast-growing technology companies with the potential for market leadership.
What's next for Ping Identity?
With a solid foundation of $3.1B in historical financing, Ping Identity is well-positioned to navigate the next phase of its lifecycle. The company is expected to focus on scaling its identity orchestration capabilities and expanding its footprint in the global enterprise software market. As the threat landscape evolves, the strategic capital provided by its long-term partners will likely be directed toward R&D in AI-driven security and the enhancement of its cloud-native identity platforms. The firm remains focused on maintaining its market leadership by delivering scalable, high-performance solutions that meet the rigorous demands of modern, distributed workforces.
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