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A machine identity management provider led by an ex-Tricentis executive notched a $1.3 billion valuation after getting a minority investment from Sixth Street
$125 million fundraise, merger fuel growth plans for cybersecurity firm Keyfactor Print Keyfactor, an Independence-based cybersecurity firm, says it aims to "bring machine identity management to the mainstream" after raising $125 million and setting plans for a merger with a Swedish company called PrimeKey. Keyfactor announced both developments in a news release issued Thursday morning, April 15. The $125 million in new funding was led by Insight Partners, which made an initial $77 million investment in Keyfactor in 2019. Keyfactor said in the release that the merged company will operate unde...