# Ping Identity Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ping-identity

- Industry: Software
- Headquarters: Denver, US
- Website: www.pingidentity.com
- Total disclosed funding: $107M
- Latest round: Series G (Sep 11, 2014)
- Investors on record: 13

## About

Ping Identity Corporation, based in the US, specializes in identity security solutions, offering comprehensive platforms for customer identity and access management, as well as single sign-on and multi-factor authentication services.Founded in 2001 and headquartered in Denver, US, Ping Identity Corporation provides identity security solutions for enterprises. The company was recently acquired in a Public to Private transaction by Thoma Bravo for USD 2.8 billion on August 2, 2022, having previously been owned by Vista Equity Partners. The CEO and Founder, Andre Durand, has a background in technology entrepreneurship, leading the company through its evolution in the identity security landscape.Ping Identity specializes in identity security solutions designed for enterprises navigating the complexities of the digital landscape. Their flagship offerings include the PingOne platform, providing customer identity and access management (CIAM), and PingFederate, enabling single sign-on (SSO) and multi-factor authentication (MFA). These products optimize user experiences while ensuring robust security, with applications in fraud prevention and customer engagement. The company serves clients in various sectors, including financial services, healthcare, retail, and government, with notable customers such as Coast Capital and Philips, and has a global presence across North America, Europe, and the Asia-Pacific region.In the most recent fiscal year 2021, Ping Identity generated revenue of USD 299.45 mn, with an EBITDA loss of USD 23.46 mn. The company operates on a subscription-based revenue model, allowing clients ongoing access to its identity management services, including products like PingOne for Customers and PingOne for Workforce, which facilitate user authentication and access control.Following its acquisition by Thoma Bravo in August 2022, Ping Identity Corporation aims to accelerate its cloud transformation and enhance its identity security offerings for large enterprises globally. While specific upcoming products have not been detailed, the company is expected to leverage recent funding to innovate its solutions. Expansion plans into new geographic markets are anticipated, reflecting a commitment to supporting global enterprises with advanced identity security solutions.

## Funding rounds

- Series G, Sep 11, 2014, $35M — Draper Fisher Jurvetson, KKR, General Catalyst Partners, W Capital Partners, Appian Venture Partners, Sapphire Ventures, Volition Capital, Triangle Peak Partners, Ten Eleven
- Series F, Jun 27, 2013, $26M — Draper Fisher Jurvetson, General Catalyst Partners, W Capital Partners, Appian Venture Partners, Avista Healthcare Partners, Sapphire Ventures, Volition Capital, Triangle Peak Partners
- Series E, Jun 1, 2011, $11M — Draper Fisher Jurvetson, General Catalyst Partners, Appian Venture Partners, Sapphire Ventures, Silicon Valley Bank, Volition Capital, Triangle Peak Partners
- Series D, Dec 12, 2008, $8M — Draper Fisher Jurvetson, General Catalyst Partners, Eight Roads Ventures
- Series C, Oct 11, 2006, $13M — Draper Fisher Jurvetson, General Catalyst Partners, Appian Venture Partners, Eight Roads Ventures, Sapphire Ventures, I-Vent
- Series B, Jun 21, 2005 — Sapphire Ventures
- Series B, May 5, 2005, $8.5M — Draper Fisher Jurvetson, General Catalyst Partners, Eight Roads Ventures
- Series A, Apr 13, 2004, $5.8M — General Catalyst Partners, Eight Roads Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C, Series D, Series E, Series F, Series G
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series B, Series C, Series D
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C, Series D, Series E, Series F, Series G
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series B, Series C, Series E, Series F, Series G
- Appian Venture Partners (https://capitalatlas.ai/funds/appian-venture-partners) — Series C, Series E, Series F, Series G
- I-Vent — Series C
- Silicon Valley Bank — Series E
- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series E, Series F, Series G
- Triangle Peak Partners (https://capitalatlas.ai/funds/triangle-peak-partners) — Series E, Series F, Series G
- W Capital Partners (https://capitalatlas.ai/funds/w-capital-partners) — Series F, Series G
- Avista Healthcare Partners (https://capitalatlas.ai/funds/avista-healthcare-partners) — Series F
- KKR (https://capitalatlas.ai/funds/kkr) — Series G
- Ten Eleven — Series G