Teleport

Teleport handles cloud infrastructure access control services.

History

2022: Attracting investment of $110 million and valuation of $1.1 billion

On May 3, 2022, Teleport, which has Russian roots, announced the attraction of $110 million in investments and was valued at $1.1 billion and became another Silicon Valley unicorn. The Series C round was led by Bessemer Venture Partners with Insight Partners as well as existing investors Kleiner Perkins and S28 Capital.

Teleport, also known as Gravitational, began as a provider of an application management platform, but in 2022 the company shifted its focus to infrastructure access control. The company created Access Plane open source technology that helps organizations better cope with the complexity of running applications and services in multiple clouds. The company works by providing each individual user - connection, authentication, authorization and audit - this is necessary to provide access only to authorized users. According to company executives, their service reduces operational overhead and helps ensure security and compliance for business.

Founded by the Russian IB company Teleport raised $110 million and was valued at $1.1 billion

{{quote 'While the human factor was a scapegoat in cyber attacks, the main culprit looks us right in the face - cars! Attackers set up devices against each other, which leads to numerous and serious violations. The ability to manage and protect access points, both for users and for machines, becomes impossible, especially when using password-based approaches, "said Ev Kontsevoy, co-founder and CEO of Teleport. }} Teleport said that from 2020 to 2021, it almost tripled its revenue while doubling its customer base, although it did not provide specific figures. Among its clients are such large companies as Doordash, Elastic, Nasdaq and Snowflake.

Finally, he explained that as the security concept of the network perimeter of the organization in the United States was dissolved, company leaders realized the limitations of existing security methods. In the future, according to the founder of Teleport, the company plans to expand its organization to enter the market around the world. At the same time, the company will invest in research and development to try to solve more complex security problems for its customers.^[1]

Notes