Total amount raised
$169.2 Millions
Latest funding date
5/1/2022
Location
Teleport has successfully raised significant funding over multiple rounds, securing a strong financial foundation for its growth. The platform offers secure and easy access to infrastructure, focusing on identity management and zero trust security.
Keep reading to explore the intricacies of Teleport's fundraising journey and the investors backing this innovative platform.
What Is Teleport?
Teleport, founded in 2015, is headquartered in Oakland, California. The company was established by Ev Kontsevoy and Sasha Klizhentas. Teleport specializes in providing secure infrastructure access solutions.
With a focus on modernizing identity, access, and policy for infrastructure, Teleport aims to improve engineering velocity and resiliency against human factors and compromise. The platform offers solutions like Zero Trust Access, Machine & Workload Identity, Identity Governance, and Identity Security.
Teleport's team has grown significantly, reflecting its commitment to innovation and security in the infrastructure access space. The company continues to expand its offerings to meet the evolving needs of its clients.
How Much Funding Has Teleport Raised?
- Seed Round (May 1, 2015)
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop the initial product offering.
- Seed Round (May 30, 2016)
- Amount Raised: $4.2M
- Date: May 2016
- Lead Investors: Louis Beryl
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the team.
- Series A (Nov 20, 2019)
- Amount Raised: $25M
- Date: November 2019
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B (Aug 18, 2021)
- Amount Raised: $30M
- Date: August 2021
- Lead Investors: Kleiner Perkins
- Valuation at Round: $430M
- Motivation Behind the Round: To support growth and expand market reach.
- Series C (May 3, 2022)
- Amount Raised: $110M
- Date: May 2022
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: $1.1B
- Motivation Behind the Round: To fuel growth and continue developing identity-based infrastructure access solutions.
Total Amount Raised: $169.2M. Current Valuation: $1.1B.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm with a global portfolio. Mary D'Onofrio from Bessemer will be joining Teleport's board.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. Matt Koran will join as a board observer representing Insight.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Alibaba, DocuSign.
- Kleiner Perkins
- Details: Kleiner Perkins is a well-known venture capital firm that has backed numerous successful technology companies. They participated in both the Series B and Series C funding rounds for Teleport.
- Investment Focus Areas: Technology, life sciences, high-growth industries.
- Notable Investments: Google, Amazon, Uber.
- S28 Capital
- Details: S28 Capital is a venture capital firm that focuses on early-stage investments in technology companies. They participated in both the Series B and Series C funding rounds for Teleport.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Mattermost, LaunchDarkly.
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups. They were the lead investor in Teleport's initial seed round.
- Investment Focus Areas: Technology, software, internet services.
- Notable Investments: Airbnb, Dropbox, Stripe.
What's Next for Teleport?
Teleport stands at the cusp of significant opportunities, driven by the increasing complexity of cloud environments and the growing demand for secure, identity-based infrastructure access. The company’s recent $110 million Series C funding provides a solid foundation to expand its go-to-market and R&D efforts, aiming to attract more high-profile clients and enhance its platform with new features like Teleport Machine ID and Teleport Connect.
Future fundraising opportunities appear promising as Teleport continues to grow its customer base and revenue. However, the company must navigate challenges such as managing rapid growth, ensuring platform security, and competing in a crowded market. If successful, Teleport could see further investment or even acquisition offers from larger tech firms looking to bolster their remote access capabilities.
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