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Beyond Identity raises USD100m in Series C round led by Evolution Equity Partners

Multi-factor authentication (MFA) provider Beyond Identity has closed a USD100 million Series C funding round led by Evolution Equity Partners.

Existing investors New Enterprise Associates (NEA) and Jim Clark also participated in the round, which brings the company’s total funding to date to USD205 million and propels its valuation to USD1.1 billion, along with newcomers Potentum Partners, Expanding Capital, and HBAM. 

The new funding will be used to further expand Beyond Identity’s research and development and extend the company’s footprint and resources into Asia-Pacific and Latin America. Additionally, the “Father of SSL” and 2019 Marconi Prize recipient Taher Elgamal of Evolution Equity Partners will be joining the Beyond Identity Board of Directors.

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