General Motors-backed Keyfactor has agreed to join forces with PrimeKey with $125m in funding to create a comprehensive machine identity management platform.
Keyfactor, a US-based identity management software developer backed by carmaker General Motors (GM), agreed yesterday to merge with Sweden-headquartered peer PrimeKey.
The transaction will be boosted by a $125m funding round led by Insight Partners, the growth equity firm that had previously led a $77m round for Keyfactor in 2018.
Founded in 2001, Keyfactor provides software which combines cloud-based internet encryption technology called public key infrastructure (PKI) with certificate lifecycle automation capabilities, while PrimeKey offers open-source PKI certificate authority software.
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