The new funding will enable Ping Identity to invest in its next generation of cloud identity management services and global sales. Ping Identity has received the new influx of capital from the investment company Triangle Peak Partners, Silicon Valley Bank, and existing investors Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners and SAP Ventures and Volition Capital.
In recent news, Ping Identity has launched new consumer Cloud identity tools, dubbed PingFederate Cloud Identity Connectors, for LinkedIn, Twitter, and Microsoft Live to allow enterprise organizations to rely on cloud services providers and social networking sites on third-party user authentication.
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