In the largest funding installment we’ve seen for a Finovate alumni this year, cloud identity management service Ping Identity pulled in $44 million in a Series F round, $29 million in equity and $15 million in debt according to Xconomy.
The round was led by DFJ Growth and W Capital Partners– the latter will join Ping Identity’s board of directors.
Other investors include:
- General Catalyst Partners
- Draper Fisher Jurvetson
- Avista Partners
- Triangle Peak Partners
- SAP Ventures
- Appian Ventures
The debt financing was provided by Silicon Valley Bank.
The company, which counts Boeing, BMW, and Chevron as clients, has received a total of $78 million in funding and plans to use this round to help it expand internationally.
The Colorado-based company is considering filing for an IPO as early as 2014.
To learn more about Ping Identity, watch its FinovateEurope 2012 demo.