TLDR: Cyber security startup Silverfort raises $116 million in late-stage fundraise

Key Points:

• Cyber security company Silverfort has raised $116 million in a late-stage funding round, led by Brighton Park Capital, with participation from Citi Ventures and General Motors Ventures.
• The funding will be used to develop Silverfort’s existing product line and expand into new areas.
• Silverfort’s high-profile customers include Agoda, UPS, Samsonite, and Microsoft.
• The company is currently not looking to go public but may consider acquisitions after experiencing robust growth.

Identity protection company Silverfort has announced that it has raised $116 million in a late-stage funding round, with Brighton Park Capital leading the investment. Additional funders in the round include Citi Ventures and General Motors Ventures. The funding will be used to further develop Silverfort’s existing product line and expand into new areas. The company’s high-profile clientele includes Agoda, UPS, Samsonite, and Microsoft. Although there is no immediate plan for a public listing, Silverfort is currently in a financially strong position and may consider acquisitions after achieving robust growth last year.