Keyfactor raised $1 billion in a strategic growth investment led by Summit Partners to build trust infrastructure for AI and machines.
With fresh funds, Keyfactor will help accelerate the company’s global scale and growth initiatives, enabling product innovation, geographic expansion, team building, and strategic acquisitions.
Andy Collins, a Managing Director at Summit Partners, said: “We believe the Keyfactor team has built a category-defining company with deep customer relationships, a highly differentiated solution, and a demonstrated ability to support organizations operating in some of the world’s most complex and regulated environments. Unlike point solutions that address a single stage of the certificate lifecycle, Keyfactor offers an end-to-end platform spanning cryptographic discovery, issuance, and ongoing management.
Keyfactor helps more than 2,500 customers worldwide, including 50% of the largest banks in the U.S. and Europe, 80% of leading U.S. retailers, and over 40% of Fortune 100 companies, with deep penitarion in financial services, banking, technology, healthcare, telecom, and the U.S. federal government.