Teleport, an infrastructure access management company situated in Oakland, California, has raised 110 million USD in a Series C fundraising round led by Bessemer Venture Partners and including Insight Partners and current investors.
This latest round of funding takes the total amount raised to 169.2 million USD, valuing the company at 1.1 billion USD. The money will be used to boost the company’s R&D department and extend its go-to-market activities. Teleport manages infrastructure access based on identity.
Secure remote access to cloud assets becomes more complicated and critical as cloud adoption grows and the hybrid home/office work environment grows. Teleport provides a system that simplifies remote access management while also increasing security.
Read More: https://www.securityweek.com/identity-based-infrastructure-access-firm-teleport-raises-110-million