This Cybersecurity Firm Raised Significant Amount In KKR Led Funding Round - Read How Much - KKR (NYSE:KKR)

Semperis, a cybersecurity software startup based in the United States, has announced a $200 million funding round led by private equity firm KKR & Co Inc KKR at a significantly higher valuation than its previous round, reported Reuters.
Existing investors such as Insight Partners and new investors such as Ten Eleven Ventures joined KKR in the round, according to Semperis.
KKR invested through its Next Generation Technology Growth Fund II, which raised $2.2 billion from investors in January 2020.
Semperis did not disclose its most recent valuation. According to data from private market data provider PitchBook, it was valued at around $142 million after raising $40 million in May 2020.
"We are focusing on identity-driven cyber resilience and threat mitigation because in this new reality where companies are working remotely and accessing applications and assets in the cloud, putting everything behind a firewall no longer offers the same degree of protection," stated Semperis Chief Executive Mickey Bresman.
Semperis recorded $11.6 million in revenue in 2020, more than doubling year on year; the company told Reuters.
Semperis plans to use the new funds to expand its research and development staff across the United States, Canada, and Israel and expand its customer base in Europe and Asia.
It also stated that it plans to go beyond identity protection to protect a customer's entire cloud data.
Photo by S. Hermann & F. Richter from Pixabay

This Cybersecurity Firm Raised Significant Amount In KKR Led Funding Round - Read How Much