Ping Identity Launches Ping Ventures

Ping Identity (NYSE: PING) has launched Ping Ventures, a new corporate venture capital fund that will fuel innovation in the identity security market.

In addition, Ping Identity is also announcing the fund’s initial investment, Allthenticate, a unified access control and authentication company, that is in the process of closing.

Ping Ventures will serve as an in-house corporate venture arm providing capital and guidance to startups building the next generation of identity and access management (IAM) solutions. The $50 million fund will invest in early stage, high-growth technology companies that will expand support for Ping Identity’s product portfolio by delivering integrated, complementary and add-on technologies and solutions.

“Our mission has always been to deliver innovative products that address continuously evolving security risks and business needs,” said Andre Durand, CEO and founder of Ping Identity. “But keeping pace with new threats means we can’t do it all alone. Ping Ventures will provide businesses access to new innovations to engage their customers and employees in seamless and secure digital experiences.”

Ping Ventures will act as a co-investor and strategic partner alongside lead investors looking for innovative startups in the Identity and Access Management space and adjacent markets. The technology focus of the fund will include but won’t be limited to online fraud and risk services, real-time identity verification, identity and data access governance, decentralised identity, machine identity, experience automation and dynamic authorisation and entitlement.

The fund will be led by the Head of Corporate Development, Anton Papp. Alongside a monetary investment, Ping Ventures plans to provide start-ups with use of Ping’s hybrid portfolio of products and services, access to business and technical subject matter experts and access to leading industry standards architects.

For more news updates, check out our May issue here.

Media contact 

Rebecca Morpeth Spayne, 

Editor, Security Portfolio 

Tel: +44 (0) 1622 823 922

Georgina Turner image

Georgina Turner

Sales Manager

Read the Latest Issue

Follow us on X

Follow us on X

Click Here

Follow us on LinkedIn

Follow us on LinkedIn

Click Here

Advertise here

Reach decision makers and amplify your marketing

Advertise here

Click Here

Related News

Graphic displaying a lockdown solution

Netgenium debuts next gen display and touchscreen technologies

Power-over-Ethernet (PoE) solutions specialist Netgenium will be showcasing its new range of IP…

ICT® Launches New TSL Access Reader Series

Integrated Control Technology (ICT®), a leading manufacturer of intelligent access control and…
Image Provided by Paxton

Paxton Partners with Skills for Security

The security technology manufacturer Paxton is proud to announce a partnership with Skills for Security…
Image Provided by ICT

ICT and Ingram Micro sign distribution agreement MEA

Integrated Control Technology (ICT), award-winning global manufacturer of intelligent electronic access control and security solutions..
Image Provided by Toshiba

Toshiba launches new HDD Innovation Lab

Toshiba Electronics Europe GmbH (Toshiba) has inaugurated a new HDD Innovation Laboratory (HDD Innovation Lab) at its site in Düsseldorf..
Image Provided by Verkada

Verkada Doubles Down on the Channel with Strategic New Hire

Verkada, a leader in cloud-based physical security, today announced the appointment of Micah Deriso as Head of Global Channel…
Image Provided by IPSA

IPSA Appoint Frontline Hero as Ambassador

Abdullah, the courageous security officer praised for foiling a horrific knife attack at Leicester Square, has been appointed as…
Image Provided by Codelocks

New Surface Latch from Codelocks

Codelocks is expanding its Gate Solutions by Codelocks range with the introduction of the new Codelocks’ Surface Latch…
Image provided by Genetec

Nicholas Smith to Lead Genetec UK and Ireland Operations

Genetec, provider of enterprise physical security software, announced the appointment of Nicholas Smith as its new Regional Sales Director…

News Desk

View all the latest, product, project and people news

News Desk

Click Here

Technology News

Keep up-to-date with the latest product innovation

Technology News

Click Here

Industry Sectors

Discover technology in action in all applications

Industry Sectors

Click Here

Enter The Awards

Showcase personal or organisation excellence

Advertise With Us

Reach decision makers and amplify your marketing

Advertise With Us

Click Here
Scroll to Top