The identity authentication software developer took $30m in a round that attracted existing backer Singtel Innov8 and new investor Citi Ventures.

Israel-based user authentication software developer Silverfort has collected $30m in a series B round backed by Singtel Innov8 and Citi Ventures, respective subsidiaries of telecommunications firm Singtel and financial services provider Citi.

Venture capital firm Aspect Ventures led the round and was also joined by Maor Investments, TLV Partners and StageOne Ventures. The company said it has now raised $41.5m in funding altogether.

Silverfort has built multi-factor technology that allows clients to secure complex enterprise networks spanning on-premises and cloud…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.