Cybersecurity firm Semperis raises more than $200 million in KKR-led round


KKR & Co’s trading information is displayed on the floor screen of the New York Stock Exchange in New York, USA on August 23, 2018. REUTERS/Brendan McDermid/File Photo

May 24 (Reuters) – U.S. cybersecurity software company Semperis is valued at $200 million in a funding round led by private equity firm KKR & Co Inc (KKR.N), much higher than the previous round. said to have procured more.

Existing investors, including Insight Partners, and new investors, such as Ten Eleven Ventures, have joined KKR in this round, Semperis told Reuters.

The company didn’t disclose its latest value, but it was valued at around $142 million after raising $40 million in May 2020, data from private market data provider PitchBook showed.

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The Hoboken, New Jersey-based identity security company said it has experienced strong growth as businesses invest in security solutions that can better protect them in remote working environments.

“In this new reality, where companies work remotely and access applications and assets in the cloud, putting everything behind a firewall no longer provides the same level of protection, so we are focusing on identity-based cyber resilience and threat mitigation,” said Sempis Chief. I have it,” he said. Executive Mickey Bresman.

Founded in 2014, Sempis provides identity security solutions for hybrid Active Directory users with a focus on Microsoft’s Active Directory, a directory service widely used by Fortune 500 companies across industries.

Sempiris reported revenues of $11.6 million in 2020, and told Reuters that sales more than doubled year-over-year.

With the new funding, Sempis said it plans to grow its research and development teams across the US, Canada and Israel, and continue to expand its customer base in Europe and Asia.

It also said it plans to extend beyond identity protection to protecting customers’ full cloud data.

KKR is investing through the Next Generation Technology Growth Fund II, which raised $2.2 billion from investors in January 2020.

As an active investor in cybersecurity companies, KKR’s portfolio includes artificial intelligence company Darktrace PLC (DARK.L) and digital identity management company ForgeRock Inc (FORG.N), both of which went public last year.

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Crystal Hu’s Treasury in New York; Edited by Christopher Cushing

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