Teleport Valuation, Funding & Investors

Teleport is valued at $1.1B as of May 2022.

Last Teleport valuation

$1.1B

Series C · May 2022

Last Teleport funding round

$110M

Series C · May 2022

Cumulative funding Teleport raised

$169M

across 4 funding rounds

Key investors in Teleport

  • Kleiner Perkins
  • S28 Capital
  • Y Combinator
  • Insight Partners
  • Bessemer Venture Partners
  • Four Cities Capital

Teleport Overview

About Teleport

Teleport is a New York-headquartered open-source infrastructure access platform securing human and machine identities across cloud, Kubernetes, and on-premises environments. Launched in 2015, it unifies zero-trust networking, identity governance, and just-in-time access for over 3,000 organizations including NASA and Samsung. The platform supports RBAC, MFA, and session recording on AWS, GCP, and Azure, with agents deployed on millions of nodes. Teleport's database proxy handles Postgres and MySQL connections, enhancing compliance with SOC 2 and FedRAMP standards.


Founded

2015

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.1B (May 2022)

Teleport Valuation

Teleport is currently valued at $1.1B, based on its Series C in May 2022.

The $110M round was led by Bessemer Venture Partners, with participation from S28 Capital, Kleiner Perkins and Insight Partners.

Teleport valuation by funding round

Teleport valuation by funding round
DateStageValuation
May 2022Series C$1.1B

Teleport Funding History

Teleport has raised a total of $169M across 4 funding rounds.

Teleport's first fundraising round was a $4M seed round in May 2016. The most recent completed round was a $110M Series C in May 2022.

Teleport funding rounds

Teleport funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Series CBessemer Venture Partners (lead); S28 Capital; Kleiner Perkins; Insight Partners$110M$1.1BTeleport is the leading provider of Identity-based Infrastructure Access Management, consolidating connectivity, authentication, authorization, and audit for secure infrastructure access, improving security and developer productivity. It serves major companies like Elastic, Snowflake, Doordash, and NASDAQ, and is headquartered in Oakland, California, with a remote-first culture. On May 3, 2022, Teleport raised $110 million in a Series C funding round led by Bessemer Venture Partners, with participation from new investor Insight Partners and existing investors Kleiner Perkins and S28 Capital. This brought total funding to $169 million at a $1.1 billion post-money valuation, following a $30 million Series B less than a year prior. The round followed strong growth, with the company nearly tripling revenue and doubling its customer base from 2020 to 2021 per the press release, and the company blog noting a record-breaking quarter with net new annual recurring revenue up 4.5x and total annual recurring revenue up 2.8x year over year. Teleport positions its platform as a new product category in Infrastructure Access, addressing needs for secure cloud infrastructure management amid rising identity-based access demands. Investors highlighted its trajectory since the 1.0 GitHub release and its must-have status in cybersecurity and privileged access management.
Aug 2021Series BKleiner Perkins (lead)$30M-Teleport is the leading provider of identity-based infrastructure access management, consolidating connectivity, authentication, authorization, and audit for secure access to infrastructure, applications, and data. It improves security and developer productivity, serving customers like Elastic, Snowflake, DoorDash, NASDAQ, Samsung, and IBM. The open-source and enterprise versions, including cloud-hosted offerings, have garnered over 11,000 GitHub stars and 19 million downloads. On August 18, 2021, Teleport raised $30 million in its Series B funding round led by S28 Capital and Kleiner Perkins, following a $25 million Series A in 2019 also led by Kleiner Perkins. This brought total funding to around $59 million at the time. The round came after a record-breaking quarter with net new annual recurring revenue up 5x and total annual recurring revenue up 2.5x compared to Q2 2020, and the company was on track to triple its revenue in 2021 while hiring its 100th employee. Proceeds were allocated to accelerate product development, including support for additional resources like MongoDB in Teleport 7.0, and to expand international operations and go-to-market efforts. Kleiner Perkins partner Bucky Moore highlighted Teleport's leadership in remote infrastructure access and trust from security-conscious enterprises. The Series B positioned Teleport for rapid growth, leading to a $110 million Series C in May 2022 led by Bessemer Venture Partners with participation from Insight Partners, Kleiner Perkins, and S28 Capital, achieving a $1.1 billion post-money valuation and total funding of $169 million. The Series C followed nearly tripling revenue and doubling customers from 2020 to 2021, with net new ARR up 4.5x and total ARR up 2.8x year-over-year.
Nov 2019Series AKleiner Perkins (lead); S28 Capital; Y Combinator$25M-Teleport is a leading provider of Identity-based Infrastructure Access Management software that consolidates four essential infrastructure access capabilities: connectivity, authentication, authorization, and audit. The platform is designed to improve security practices while enhancing developer productivity, and is used by major companies including Elastic, Snowflake, Doordash, and NASDAQ. In November 2019, Teleport raised $25 million in Series A funding led by Kleiner Perkins, marking a significant milestone as the company achieved product-market fit after years of development and open-source deployment across major organizations worldwide. The company progressed through subsequent funding rounds, raising $30 million in Series B in August 2021 and $110 million in Series C in May 2022 at a $1.1 billion valuation, with the company nearly tripling its revenue and doubling its customer base between 2020 and 2021. As of May 2022, Teleport had raised a total of $169 million in funding and achieved unicorn status with its $1.1 billion post-money valuation led by Bessemer Venture Partners.
May 2016SeedFour Cities Capital (lead)$4M-Teleport conducted a seed round in May 2016, raising $4.2 million led by investor Louis Beryl. The company, founded in 2015 and based in Oakland, California, develops cloud-based open-source software for identity-based infrastructure access management. The round was intended to further develop the product and expand the team. Post-money valuation, revenue figures, and EBITDA data for this early-stage funding round were not publicly disclosed.

Who has invested in Teleport?

6 investors have backed Teleport across its funding rounds, including Kleiner Perkins, S28 Capital, Y Combinator, Insight Partners, Bessemer Venture Partners and Four Cities Capital.

Lead investors include Bessemer Venture Partners, Kleiner Perkins and Four Cities Capital.


Teleport Investors

Investors in Teleport by funding rounds participated
InvestorHQRoundsRoleFirst check
Kleiner PerkinsUnited StatesSan Francisco, CA3LeadNov 2019
S28 CapitalUnited StatesSan Francisco, CA2ParticipantNov 2019
Y CombinatorUnited StatesSan Francisco, CA1ParticipantNov 2019
Four Cities CapitalUnited StatesBoston, MA1LeadMay 2016

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Teleport Competitors

Teleport competitors include listed companies like Red Violet and NSFOCUS, and private ones like Beyond Identity, eSentire, Guardio and Material Security.

Public and private companies comparable to Teleport
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Beyond IdentityUnited StatesNew York City, NYPrivate--$1.1B-
eSentireCanadaWaterlooPrivate$100M-$1.1B11.0x
GuardioIsraelTel AvivPrivate$150M-$1.1B7.3x
Material SecurityUnited StatesSan Francisco, CAPrivate--$1.1B-
Red VioletUnited StatesUnited StatesPublicly listed$90M$24M$1.2B11.7x
NSFOCUSChinaChinaPublicly listed$379M$37M$955M2.4x

Teleport Public Comps

Teleport is still privately-owned, but its public comps include Eastcompeace Tech, Red Violet, NSFOCUS, Radware, BeiJing Certificate, Yubico, Rapid7, Riskified, DPtech and Asiainfo Security.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eastcompeace Tech$197M$26M4.8x-36.4x-
Red Violet$90M$24M13.2x11.7x50.0x31.7x
NSFOCUS$379M$37M2.6x2.4x26.1x25.6x
Radware$302M$20M3.6x3.4x56.1x23.2x
BeiJing Certificate$125M($12M)6.7x-(70.9x)-
Yubico$226M$19M3.3x3.2x39.7x25.6x
Rapid7$860M$63M1.3x1.3x17.4x6.8x
Riskified$345M($31M)1.8x1.6x(20.3x)19.0x

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Common questions about Teleport

When was Teleport founded?Teleport was founded in 2015.
Where is Teleport headquartered?Teleport is headquartered in San Francisco, CA, United States.
Is Teleport publicly listed?No, Teleport is a private, VC-backed company.
What is Teleport's valuation?Teleport was last valued at $1.1B in its Series C in May 2022.
How much funding has Teleport raised?Teleport has raised $169M across 4 funding rounds.
What was Teleport's last funding round?Teleport's last funding round was a $110M Series C in May 2022, led by Bessemer Venture Partners.
Who are Teleport's investors?Teleport's investors include Kleiner Perkins, S28 Capital, Y Combinator, Four Cities Capital, Bessemer Venture Partners and Insight Partners.
Which companies are comparable to Teleport?Companies comparable to Teleport include Beyond Identity, eSentire, Guardio, Material Security, Red Violet and NSFOCUS.

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