Security software provider Ping Identity recently announced a $35 million round of funding to spur further growth for the company. The funding was led by global investment firm Kohlberg Kravis Roberts and Ten Eleven Ventures, along with participation from existing investors including Draper Fisher Jurveston, General Catalyst Partners, SAP Ventures, W Capital Partners, Volition Capital, Triangle Peak Partners and Appian Ventures.
Founded by Andre Durand 12 years ago, Ping is determined to streamline the way corporations allow employees to access applications. Using Ping, users can log in just one time to access their corporation’s applications, instead of logging into a corporate network and then into individual applications. In addition to increased accessibility, Ping’s system provides heightened security for customers.
The recent investment round boosted the computer security company’s total funding to $110 million. Ping Identity has become the largest independent identity security company and is poised for continued expansion.