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- Teleport
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| May 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series C | Bessemer Venture Partners (lead); S28 Capital; Kleiner Perkins; Insight Partners | $110M | $1.1B | Teleport 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 2021 | Series B | Kleiner 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 2019 | Series A | Kleiner 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 2016 | Seed | Four 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2019 | ||
| 2 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Lead | May 2016 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTeleport Competitors
Teleport competitors include listed companies like Red Violet and NSFOCUS, and private ones like Beyond Identity, eSentire, Guardio and Material Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.1B | - | ||
| Private | $100M | - | $1.1B | 11.0x | ||
| Private | $150M | - | $1.1B | 7.3x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $90M | $24M | $1.2B | 11.7x | ||
| Publicly listed | $379M | $37M | $955M | 2.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $197M | $26M | 4.8x | - | 36.4x | - | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $302M | $20M | 3.6x | 3.4x | 56.1x | 23.2x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
This data is available for Pro users. Sign up to see all Teleport competitors and their valuation data. Start Free Trial | ||||||||
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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