Ping Identity picks up $35 million more in venture funding

Will fund identity management R&D, expansion in Europe and Asia-Pacific

Ping Identity has picked up another $35 million in venture funding to speed development of the next-generation of its identity and access management technology and expand the company’s presence in Europe and Asia-Pacific.

The funding includes new investors KKR and Ten Eleven Ventures as well as previous investors, bringing total funding to $110 million. The other investors are Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures, W Capital Partners, Volition Capital, Triangle Peak Partners and Appian Ventures.

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Ping founder and CEO Andre Durand says that as identity and access management become more and more federated, businesses will demand that all vendors embrace standards that allow users’ authenticated identities to be recognized and accepted universally.

Tim Greene covers security and keeps an eye on Microsoft for Network World. Reach him at tgreene@nww.com and follow him on Twitter@Tim_Greene.

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