Keyfactor – the identity-first security solution for modern enterprises – recently announced it has secured a significant minority investment from Sixth Street Growth (the growth investing platform of Sixth Street) at an enterprise value of approximately $1.3 billion. Along with this funding round, Bo Stanley and Alex Katz at Sixth Street will join Keyfactor’s Board of Directors. And Sixth Street’s investment reinforces Keyfactor’s leading position in the digital identity market and will be a further catalyst for growth.
The rise of machine identities is the latest risk challenging today’s modern enterprise. And this – along with the looming threat of quantum computing and the rapid explosion of connected devices – left many organizations scrambling to effectively tackle the issue of securing digital identities. And Keyfactor’s identity-first security solutions, powered by EJBCA, the most trusted and widely used open-source PKI, are trusted by over 1,500 organizations to build and maintain digital trust. The increasing market demand has resulted in Keyfactor’s staggering three-year revenue CAGR of over 70%. As the enterprise is now forced to heighten awareness around digital identity management, Keyfactor’s innovation is unmatched.
Keyfactor offers digital trust to the hyper-connected world with identity-first security for every machine and human. And by simplifying PKI, automating certificate lifecycle management, and securing every device, workload, and thing, Keyfactor helps organizations move fast to establish digital trust at scale — and then maintain it.
KEY QUOTES:
“This investment marks a significant milestone in our company’s history. The newly acquired capital from Sixth Street will fuel our business as we continue this trajectory of hypergrowth. Our market leadership is a testament to the innovation backing our technology and our team’s commitment to customer satisfaction. We are also excited to welcome Sixth Street to our board. They bring the right experience, financial prowess, and strategic network we need to empower Keyfactor in this next chapter.”
— Jordan Rackie, CEO, Keyfactor
“Today organizations must find a way to enable true digital trust in a rapidly evolving and an increasingly complex IT / IOT environment. Given the team’s proven track-record of innovation and the platform’s ability to manage digital identity at scale, Keyfactor is uniquely positioned to help enterprises as the trusted provider of machine identity management. We’re excited to work with Jordan and Insight to support Keyfactor in its next phase of growth.”
— Alex Katz, Managing Director at Sixth Street Growth
“Keyfactor continues to successfully seize the challenge of helping enterprises prepare for the rise of digital identities. We’ve watched the company thrive under Jordan and his team’s leadership, and we eagerly anticipate the promising path ahead.”
— Thomas Krane, Managing Director at Insight Partners
