Cybersecurity firm Semperis raises over $200 mln in KKR-led round

Cybersecurity firm Semperis raises over $200 mln in KKR-led round


KKR & Co’s business information is displayed on a screen on the floor of the New York Stock Exchange in New York, USA, August 23, 2018. REUTERS / Brendan McDermid / File Photo

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May 24 (Reuters) – US cybersecurity software firm Semperis says it has raised more than $ 200 million in a round of financing led by private equity firm KKR & Co Inc (KKR.N) with a valuation substantially higher than its previous round.

Existing investors, including Insight Partners and new investors such as Ten Eleven Ventures, joined KKR during the round, Semperis told Reuters.

Although the company did not disclose its latest valuation, it was valued at about $ 142 million after raising $ 40 million in May 2020, data from private market data provider PitchBook showed.

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The Hoboken, New Jersey-based identity security company said it has experienced strong growth since then as companies invest in security solutions that could better protect them in a remote work environment.

“We focus on cyber resilience driven by identity and threat mitigation because in this new reality where companies work remotely and access applications and assets in the cloud, putting everything behind a firewall no longer offers the same degree of protection, “said the head of Semperis. Executive Mickey Bresman.

Founded in 2014, Semperis offers identity security solutions for hybrid Active Directory users, focusing on Microsoft Active Directory, a directory service widely used by Fortune 500 companies across all industries.

Semperis reported revenue of $ 11.6 million in 2020 and told Reuters that its revenue has more than doubled year after year.

With the new funding, Semperis said it plans to grow its research and development team in the United States, Canada and Israel, and continue to grow its customer base in Europe and Asia.

He also said he plans to expand beyond identity protection to protect all of a client’s cloud data.

KKR is investing through its Next Generation II Technology Growth Fund, which raised $ 2.2 billion from investors in January 2020.

An active investor in cybersecurity companies, KKR’s portfolio includes the artificial intelligence firm Darktrace PLC (DARK.L) and the digital identity management company ForgeRock Inc (FORG.N), both listed on the stock exchange. ‘last year.

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Report by Krystal Hu in New York; Edited by Christopher Cushing

Our standards: Thomson Reuters’ principles of trust.



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