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Ping Identity Pulls in $44 Million in Series F Funding for International Expansion


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.