Multi-Factor Authentication Startup Silverfort Raises $11.5 Million

Silverfort Inc., a Tel Aviv startup developing multi-factor authentication technology, has raised $11.5 million, according to an announcement released Monday. The Series A investment was led by TLV Partners with participation from existing investors StageOne Ventures and Singtel Innov8.

The startup offers network login protection for organizational networks as well as for proprietary systems, IoT devices, shared folders and industrial control systems. The technology is designed to protect data and help companies comply with privacy regulations without the need for integrating special software.