Business Wire released the press release.

Silverfort, the creator of the world’s first Unified Identity Threat Protection platform, has closed a $65 million Series C round led by Greenfield Partners, with participation from a number of VCs and strategic investors, including GM Ventures, Acrew Capital, Vintage Investment Partners, as well as existing investors StageOne Ventures, Singtel Innov8, Citi Ventures, Aspect Ventures, and Maor Investments.

The new investment, which brought Silverfort’s total funding to over $100 million, comes on the heels of rapid development, which saw the company’s annual recurring revenue increase with hundreds of customers, including Fortune 100 firms. The funds will be utilized to expand the company and team abroad, as well as to maintain the platform’s technological advantage.

“The company has invested years establishing a best-in-class platform to solve a major security concern that is now receiving public awareness,” said Avery Schwartz, a Greenfield Partners partner who will join the board of directors. “The positive impact of the company’s technology, as well as the leadership’s vision and passion, energize us.” We believe Silverfort’s tremendous market momentum is just the beginning, and we are pleased to accompany them on this adventure.”

To stop identity-based attacks across the enterprise, Silverfort provides Identity Threat Detection and Response (ITDR) and Identity Threat Prevention (ITP) capabilities as a unified layer on top of a customer’s existing Identity and Access Management (IAM) infrastructure, including both modern and legacy solutions.

Silverfort’s unique technology accomplishes this without requiring customers to make changes to their endpoints, servers, or apps – a capability that is currently unmatched in the market. It also enables businesses to extend security controls from any vendor to previously unsupported resources and environments, as well as consolidate their hybrid IAM stack by ‘bridging’ legacy systems and protocols into current identity platforms like Azure AD.

“Identity security can no longer be a ‘feature’ that works in silos within each IAM platform, leaving numerous important resources out of scope,” Silverfort Co-Founder and CEO Hed Kovetz remarked. “Because of the lack of end-to-end identity threat security, identity has become the number one attack surface today, with compromised credentials being used in 80% of all attacks.”