Ping Identity has raised $21 million in venture funding to accelerate its next generation of cloud identity management solutions and global sales. The company that creates secure, cloud-based sign-in platform for enterprise applications received the financing from investors, including Triangle Peak Partners and Silicon Valley Bank. Other investors Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital also participated in the financing round. The new round brings the company’s total funding to $34 million, adds TechCrunch.
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