Ping Identity Raises $44M in Series F
Ping Identity has successfully raised $44M in a Series F at a $1.4B valuation led by Vista Equity Partners.
Company Overview
Ping Identity is a Identity company headquartered in Denver, CO, founded in 2002 with 1300+ employees.
Identity security platform
Fundraising Details
- Amount Raised: $44M
- Round Type: Series F
- Valuation: $1.4B
- Date: 2024-01-01
- Investors: Vista Equity Partners
About Ping Identity
Identity security platform The company is positioned in the Identity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Denver, CO
- Founded: 2002
- Team Size: 1300+
- Industry: Identity
What This Means
This funding round demonstrates strong investor confidence in Ping Identity's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Identity sector continues to attract significant investment as companies innovate to meet evolving market demands. Ping Identity's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.4B valuation marks an important milestone for Ping Identity, positioning the company among notable players in the Identity industry.
Looking Ahead
With this new capital, Ping Identity is well-positioned to execute on its growth strategy and continue building innovative solutions in the Identity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-01. For more information about Ping Identity, visit their headquarters at Denver, CO.
