Investment memo
Silverfort
Maximum security, minimal effort. Identity security done right.
USAInformation updated on May 25, 2026
Unicorn scoreA 100-point read across the founding team, traction, market, execution and how well each is evidenced. Higher means closer to the profile of companies that went on to reach a billion-dollar valuation.
Listen to the Silverfort brief memo
Current valuation
$1B
Verified May 25, 2026
First screened
May 24, 2026
Total raised
$222M
Last round: Series D
Addressable marketToday: Global Digital Identity Solutions Market ($53B). If the category wins: Global enterprise security spend ($500B).
~$53B – $500B
Silverfort provides an end-to-end identity security platform designed to protect all identities, both human and machine, across hybrid and multi-cloud environments. The platform extends modern identity security controls like MFA to previously unprotected assets, including legacy systems and critical infrastructure, enabling organizations to prevent identity-based attacks, enforce Zero Trust principles, and achieve compliance.
How the score breaks down
A 100-point read across the founding team, traction, market, execution and how well each is evidenced. Higher means closer to the profile of companies that went on to reach a billion-dollar valuation.| Category | Strength | Score |
|---|---|---|
| Founder Background | 80% | |
| Strategic Position | 80% | |
| Execution Velocity | 80% | |
| Traction Momentum | 84% | |
| Market & Scalability | 67% |
Data confidence 84/100. This measures how much of the memo rests on sourced evidence rather than inference. It was assembled by reading 254 public sources about the company. Compiled May 25, 2026.
That gathering is automated, so mistakes are possible. The confidence figure is the honest guide: the higher it is, the more of what you are reading came from a source rather than an inference.
Founding team
Prior exits, repeat founders and relevant domain experience are the single strongest early signal in venture data.2 founders
Traction
- Latest round
- Series D · $116M
- Revenue
- $136M
Investors (13)
Momentum & social pulse
Momentum & social pulse- Press coverage
- +2 articles
- vs the 3 months before
What customers say
What customers say- G24.8/5 average · 18 reviews
One reviewer“A pleasure to work with the folks from Silverfort. The product delivers on it's promise.”
- Software Advice4.5/5 average · 2 reviews
Rating on file, no written review captured.
- Capterra4.5/5 average · 2 reviews
One reviewer“Silverfort's Unified Identity Protection Platform is the first to consolidate security controls across corporate networks and cloud environments.”
- GetApp4.5/5 average · 2 reviews
One reviewer“What is Silverfort? Silverfort is a unified identity protection platform providing automated service account discovery and protection without password rotation.”
Market
The market it sells into today
$53B
Global Digital Identity Solutions Market, including authentication, verification, and access management.
The market it competes for if its category wins
$500B
Global enterprise security spend, including security operations headcount
EstimatedIf Silverfort's approach becomes the norm, the budget it competes for stops being a security product line and becomes the analyst hours and managed-service contracts it absorbs.
Why this startup makes sense now
What changed in the world recently that makes this the right moment. A great idea at the wrong time still fails, so a weak answer here is a real risk.The emergence of generative AI is transforming Identity and Access Management, creating demand for solutions like Silverfort's AI Agent Security, released in June 2025, to protect agentic identities.
What competitors cannot copy
What the company has that a well-funded competitor cannot simply copy: proprietary technology, exclusive data, a regulatory position, a network that grows with every user.Silverfort's competitive edge is a blend of patented agentless technology, which protects legacy systems without requiring software installation, and a widening AI-driven data moat.
Who else is in the race
Who else is going after the same customers, and where this company sits among them.Silverfort operates in a competitive identity security market. Key competitors include established players like Microsoft Entra ID, Okta, and Cisco Duo, which offer comprehensive identity and access management solutions. In the privileged access management (PAM) space, Silverfort competes with companies such as CyberArk, BeyondTrust, and Delinea. The market is characterized by continuous innovation in authentication, threat detection, and non-human identity protection.
Road to decacorn
The arithmetic that gets to a $10B+ decacorn outcome: who they sell to, at what price, and how many of them there need to be.Silverfort, already valued at $1B after its Series D in January 2024, has a credible path to $1B in revenue by leveraging its unified identity security platform across all enterprise resources. This involves continued global expansion through strategic partnerships and channel development, capturing a significant share of the rapidly growing digital identity solutions market, and extending its AI-driven capabilities to address emerging threats like AI agent identities.
What could go wrong
Recent layoffs
Watcha layoff round announced in 2025-08-30 (2 distinct rounds reported). Layoffs of this scale in the last 24 months indicate distress or aggressive cost-cutting, both of which weigh on the investability of the next round.
Our track record on this company
The valuation recorded the first time this company was screened, against the most recent verified one. It is never rewritten, so the multiple is a real track record.| First screened | May 24, 2026 |
|---|---|
| Entry valuation | $1B |
| Current valuation | $1B |
Latest valuation verified from Live re-screening on May 25, 2026. Entry valuation and date are frozen the first time a company is screened and are never rewritten. Valuations are re-checked quarterly against public funding announcements.
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