附近上门

Morning Report: raises $88 million Series D amidst bullish signs in the digital identity management space.

As we shift from the real world to the virtual world, our digital transactions and data are increasingly vulnerable to theft and privacy breaches. In response, the digital identity management industry, which ensures identity security on a large scale, has been very active in terms of fundraising and M&A over the past year.

And demand for services in the space may continue to grow. According to , one identity management vendor will need to manage hundreds of millions of digital identities down the road.

Today, ForgeRock, one of the firms that helps solve the overflow of identity data, just closed its led by , and participated in by , , and . Accel not only took part in all of the company鈥檚 funding rounds up to date, but also led its Series A. (The repeated investments imply faith from Accel in the company鈥檚 potential future returns.)

The seven-year-old ForgeRock is not the only identity management firm that finds itself in warm funding waters. 附近上门 News previously covered Okta, an identity provider for enterprises, which went public this past April after having raised almost from investors like Andreessen Horowitz and Sequoia. Despite recent IPO woes, Okta鈥檚 share prices show compared to its IPO price.

Another company that helps enterprises secure identities, Ping Identity, got acquired by Vista Equity Partners for last June. In fact, our Editor-in-Chief Alex Wilhelm the firm鈥檚 financials the year prior.

TechCrunch ForgeRock CEO Mike Ellis鈥檚 confidence about an IPO in the near future as the company continues to expand its international operations, with a particular focus on China.

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