Teleport secures $110 M in Series C to enable infrastructure access based on identity

Teleport, the leading supplier of Identity-based Infrastructure Access Management, said that it had raised $110 million in Series C funding from Bessemer Venture Partners, Insight Partners, and current investors Kleiner Perkins and S28 Capital. 

Teleport has now raised $169 million in total finance, valued at $1.1 billion, and comes after the business nearly tripled its sales and doubled its customer base between 2020 and 2021. 

Teleport will use this new funding to strengthen its go-to-market organization to serve its rapidly expanding global customer base better. Teleport will also expand its research and development team to address the most challenging security concerns that businesses of all sizes confront.

“Growing complexity of modern cloud environments has led to a situation where managing secure access to infrastructure begins to break, as evidenced by increased frequency and severity of breaches. Our customers are forward thinking organizations that are scaling quickly. They realized that the right way to scale access is consolidation across all protocols and environments. Our platform, the open-source Teleport Access Plane, addresses these challenges by giving every engineer, every piece of hardware and every application an identity. With identity based access for everyone and everything, more security threats are neutralized and the impact of breaches is dramatically reduced without impacting developer productivity,”

Ev Kontsevoy, co-founder and CEO of Teleport

Companies like Doordash, Elastic, Nasdaq, Snowflake, and others use Teleport to protect digital infrastructure access for remote and hybrid workforces and combat cyber threats.

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