Semperis Secures $125 Million in Growth Financing
With a focus on cyber resilience, Semperis provides a comprehensive identity system defense platform aimed at reducing the success rate of ransomware and other destructive attacks
Cybertech
| 24/06/2024
Credit: Semperis
Semperis, which deals with identity-driven cyber resilience, announced it secured $125 Million in growth financing from J. P. Morgan and Hercules Capital. Following a $200 million Series C round in 2022 led by KKR, the new $125 million growth financing enables Semperis to further invest in product innovation and support a rapidly expanding global customer base.
With a focus on cyber resilience, Semperis provides a comprehensive identity system defense platform aimed at reducing the success rate of ransomware and other destructive attacks. Forrester's 2024 Total Economic Impact™ Report of Semperis details the potential millions of dollars in savings for enterprises after deploying Semperis, cutting downtime by 90 percent, spending 40 percent less time manually monitoring for threats, and decreasing overall cyber risk pre, during, and post-attack.
In addition to the growth financing, Semperis added three new executives to its C-suite, each with firsthand cybersecurity IPO and public company experience: Jeff Bray, Chief Financial Officer, has led finance teams at cybersecurity vendors in the public and private markets, including Rapid7, Imprivata, and Invicti Security, helping them grow into scalable software businesses. Bray has been involved in multiple acquisitions and has managed more than $1 billion in capital markets transactions.
"As CISOs shift their focus towards securing and building resiliency into their identity infrastructure, we see enormous demand for specialized hybrid AD and Entra ID protection," said Semperis CFO Jeff Bray.
"Semperis, with new support from J.P. Morgan and Hercules Capital, and our existing team of world-class backers, KKR, Insight Partners, Ten Eleven Partners, Paladin, Advocate Health and others, will continue to drive innovations to disrupt cyberattacks.”
With a focus on cyber resilience, Semperis provides a comprehensive identity system defense platform aimed at reducing the success rate of ransomware and other destructive attacks
Credit: Semperis
Semperis, which deals with identity-driven cyber resilience, announced it secured $125 Million in growth financing from J. P. Morgan and Hercules Capital. Following a $200 million Series C round in 2022 led by KKR, the new $125 million growth financing enables Semperis to further invest in product innovation and support a rapidly expanding global customer base.
With a focus on cyber resilience, Semperis provides a comprehensive identity system defense platform aimed at reducing the success rate of ransomware and other destructive attacks. Forrester's 2024 Total Economic Impact™ Report of Semperis details the potential millions of dollars in savings for enterprises after deploying Semperis, cutting downtime by 90 percent, spending 40 percent less time manually monitoring for threats, and decreasing overall cyber risk pre, during, and post-attack.
In addition to the growth financing, Semperis added three new executives to its C-suite, each with firsthand cybersecurity IPO and public company experience: Jeff Bray, Chief Financial Officer, has led finance teams at cybersecurity vendors in the public and private markets, including Rapid7, Imprivata, and Invicti Security, helping them grow into scalable software businesses. Bray has been involved in multiple acquisitions and has managed more than $1 billion in capital markets transactions.
"As CISOs shift their focus towards securing and building resiliency into their identity infrastructure, we see enormous demand for specialized hybrid AD and Entra ID protection," said Semperis CFO Jeff Bray.
"Semperis, with new support from J.P. Morgan and Hercules Capital, and our existing team of world-class backers, KKR, Insight Partners, Ten Eleven Partners, Paladin, Advocate Health and others, will continue to drive innovations to disrupt cyberattacks.”
