What is Ping Identity?
Ping Identity provides comprehensive 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 space, offering a robust platform that supports a wide range of enterprise security needs. Its offerings are critical for organizations looking to safeguard their digital assets and ensure seamless user experiences in an increasingly complex threat environment. The company's focus on identity security positions it at the forefront of cybersecurity innovation, addressing the growing demand for advanced protection against sophisticated cyber threats.
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 DFJ, Fidelity Ventures, and General Catalyst
Series C (2006): $13M supported by Fidelity Ventures, I-Vent, SAP Ventures, DFJ, General Catalyst, and Appian Ventures
Series D (2011): $21M featuring DFJ, SAP Ventures, Volition Capital, General Catalyst, Triangle Peak Partners, Appian Ventures, and Silicon Valley Bank
Series E (2013): $44M backed by General Catalyst, SAP Ventures, W Capital Partners, Draper Fisher Jurvetson, Volition Capital, Triangle Peak Partners, Appian Ventures, Silicon Valley Bank, and Draper Associates
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
DFJ
Draper Fisher Jurvetson is a leading venture capital firm with a global presence, known for identifying and backing extraordinary entrepreneurs across various sectors. Their mission involves providing capital for transformative companies.
Fidelity Ventures
Fidelity Growth Partners Europe is a venture and growth capital firm that invests in technology entrepreneurs, leveraging a global network and proprietary capital to back market leaders.
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities, deploying capital strategically to back ambitious entrepreneurs and management teams.
What's next for Ping Identity?
With a history of consistent capital raises, Ping Identity is well-positioned for continued expansion and innovation in the cybersecurity market. The company's substantial enterprise-level funding suggests a mature stage of development, likely focused on scaling operations, expanding its product portfolio, and potentially pursuing strategic acquisitions. Future growth will likely involve further strengthening its market leadership in identity security, adapting to evolving threat landscapes, and enhancing its cloud-native offerings to meet the demands of modern enterprises. The company's trajectory indicates a strong commitment to providing robust security solutions that balance stringent protection with user accessibility.
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