Keyfactor, an Independence, Ohio-based digital identity management solutions company, announced it closed $77 million in growth funding from Insight Venture Partners. With this investment, Keyfactor will continue to accelerate market expansion and meet the growing demand for its suite of solutions, including Keyfactor Command (certificate management platform) and Keyfactor Control (end-to-end identity security in the IoT lifecycle).
“We’re thrilled to join the Insight Venture Partners portfolio and look forward to exponential growth and innovation,” said Keyfactor co-founder and CEO Kevin von Keyserling in a statement. “InfoSec professionals are challenged to fully anticipate and understand their cyber risk to continuously improve and scale their cyber defenses – and Keyfactor is committed to giving our customers the freedom to fully protect the next generation of applications and devices. This investment enables us to strengthen our leadership position as innovation partner to InfoSec professionals.”
Founded in 2001, Keyfactor doubled its revenue year-over-year and now it secures more than 300 million certificates for Global 2000 clients worldwide. Keyfactor originally started under the name Certified Security Solutions (CSS). And the company rebranded in November 2018.
“We serve the industries where trust and reputation matter most – including healthcare and financial services – and where innovative solutions provide competitive advantage,” added Keyfactor’s chief revenue officer John Harris. “Our significant growth and trust of our clients demonstrates we are on the right path, and having the backing of a pre-eminent investor like Insight Venture Partners gives Keyfactor additional muscle to continue our sector-leading innovation to the full benefit of our customers.”
Keyfactor’s platform automates real-time discovery, monitoring, issuing, and replacement of digital certificates and keys while blocking untrusted access. And Insight Venture Partners managing director Michael Triplett pointed out that Keyfactor’s solves a “mission-critical problem for enterprise security and the company’s commitment to customers is unparalleled.”