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Teleport Raises $110 Million Series C At $1.1 Billion Valuation Led By Bessemer Venture Partners With Participation From New Investor Insight Partners

May 03, 2022•about 3 years ago

Amount Raised

$110 Million

Round Type

series c

Oakland

Description

Teleport, the leading provider of Identity-based Infrastructure Access Management, today announced it has raised $110 million in Series C funding led by Bessemer Venture Partners with participation from Insight Partners and existing investors Kleiner Perkins and S28 Capital. This investment brings Teleport's total funding raised to $169 million at a current valuation of $1.1 billion, and comes after the company nearly tripled its revenue and doubled its customer base from 2020 to 2021.

Company Information

Company

Teleport

Location

Oakland, California, United States

About

Teleport, leading provider of Identity-based Infrastructure Access Management, consolidates the four essential infrastructure access capabilities every security-conscious organization needs: connectivity, authentication, authorization, and audit. Teleport's unique approach is not only more secure but also improves developer productivity. Teleport is used by leading companies including Elastic, Snowflake, Doordash, and NASDAQ. The company is backed by Bessemer Venture Partners, Insight Partners, Kleiner Perkins, and S28 Capital. Headquartered in Oakland, California, the company embraces a remote-first work culture.

Funding Insights

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