June 20, 2024 at 08:32AM
Semperis, an enterprise identity protection company based in New Jersey, has secured a $120 million growth financing round from JP Morgan and Hercules Capital. The company added three new executives to its C-suite, each with cybersecurity IPO and public company experience. This round brings their total funding to $373 million. Semperis builds and markets technology to protect Microsoft Active Directory installations.
From the meeting notes, it seems that Semperis, an enterprise identity protection specialist based in New Jersey, has recently closed a substantial $120 million growth financing round. The financing was provided by JP Morgan and Hercules Capital as the company prepares for a public market exit. Additionally, Semperis has made several executive hires with public company experience, filling the roles of Chief Financial Officer, Chief Revenue Officer, and Chief Legal Officer.
With this latest funding round, the company has raised a total of $373 million, and it follows a previous $200 million raise in 2022, valuing the company at over $1 billion.
It’s worth noting that Semperis’ investors include private equity investment firm KKR, Ten Eleven Ventures, Paladin Capital Group, Atrium Health Strategic Fund, Tech Pioneers Fund, and Insight Partners.
Semperis, headquartered in Hoboken, specializes in developing technology to protect Microsoft Active Directory installations. The company’s products, Semperis Directory Services Protector and Semperis Active Directory Forest Recovery, aim to assist organizations in safeguarding and recovering from attacks on their Active Directory deployments.
Overall, it seems that Semperis is rapidly growing and securing significant financial backing as it continues to expand its enterprise identity protection technology offerings.