London, UK: Ping Identity, The Identity Security Company™ has announced that it has closed a $44 million investment round led by W Capital Partners and DFJ Growth with participation from existing investors—General Catalyst Partners, Draper Fisher Jurvetson, Volition Capital Partners, Triangle Peak Partners, SAP Ventures, and Appian Ventures, with debt provided by Silicon Valley Bank. W Capital Partners also joins the Ping Identity board of directors. The latest investment signals a rapid explosion in demand for Ping Identity’s solutions, and will accelerate the completion of the company’s next-generation platform for identity security.
- Sarah Boulton
- InfoSecurity
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