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Silverfort’s late-stage fundraise brings in $116 million for cyber security startup

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**TLDR:** Cybersecurity startup Silverfort has raised $116 million in a late-stage funding round led by Brighton Park Capital, with participation from Citi Ventures and General Motors Ventures. The company intends to use the funds to develop its existing product line and expand into new areas. Silverfort provides identity protection solutions and counts Agoda, UPS, and Samsonite among its high-profile clients. It has also formed a strategic partnership with Microsoft. While Silverfort is not currently considering a public listing, CEO Hed Kovetz stated that the company is in a strong financial position and may consider acquisitions in the future.

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