Ping Identity Raises $21 Million for Secure Cloud Sign-Ins

Posted Jun 21, 2011

Ping Identity has gained investors Triangle Peak Partners and Silicon Valley Bank, raising $21 million for their secure sign-in platforms. According to TechCrunch, the new investors join Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital.

Ping Identity’s products allow users to sign in with a single cloud identity. The $21 million they have raised will be used to develop new products and boost their sales and marketing. Ping Identity currently serves more than 600 customers, providing a secure single sign-in for many cloud applications.