How Much Did Teleport Raise? Headquarters, Funding & Key Investors

Teleport, founded in 2015 and based in Oakland, California, has raised a total of $169 million across four funding rounds, achieving a $1.1 billion valuation in May 2022. The company secured $4.2 million in its seed round (2016), $25 million in Series A (2019), $30 million in Series B (2021), and $110 million in Series C (2022), led by Bessemer Venture Partners, with participation from Kleiner Perkins and Insight Partners. Teleport provides cloud-based identity-driven access software that enhances secure infrastructure connectivity across global enterprise environments.

How Much Did Teleport Raise? Funding & Key Investors

Teleport has raised a total of $169 million in funding from top investors, including Bessemer Venture Partners, Insight Partners, and Kleiner Perkins. It has reached a valuation of $1.1 billion as of May 2022. The company provides cloud-based open-source software that enables secure access to computing resources across infrastructure, applications, and data.

What Is Teleport and What Does It Do?

Teleport, founded in 2015 by Ev Kontsevoy and Sasha Klizhentas, is headquartered in Oakland, California.

The company employs between 46-100 people and specializes in identity-based infrastructure access solutions.

Teleport offers a unified access plane that connects Linux servers, smart devices, Kubernetes clusters, and cloud applications, enabling secure remote computing. Its solutions include Zero Trust Access, Machine & Workload Identity, Identity Governance, and Identity Security, helping organizations improve engineering velocity and reduce risks related to human error and account compromise.

How Much Funding Has Teleport Raised?

1. Seed Round

Amount Raised: $4.2 million
Date: May 2016
Lead Investors: Louis Beryl
Motivation: To further develop the product and expand the team.

2. Series A

Amount Raised: $25 million
Date: November 2019
Lead Investors: Kleiner Perkins
Motivation: To scale operations and enhance product features.

3. Series B

Amount Raised: $30 million
Date: August 2021
Lead Investors: Kleiner Perkins
Motivation: To support growth and expand market reach.

4. Series C

Amount Raised: $110 million
Date: May 2022
Lead Investors: Bessemer Venture Partners
Motivation: To fuel growth and continue developing identity-based infrastructure access solutions.

Total Funding Raised: $169 Million

Current Valuation: $1.1 Billion (as of May 2022)

Latest Funding Date: May 2022

Key Investors

1. Bessemer Venture Partners

Details: Leading venture capital firm with a global portfolio; Mary D’Onofrio will join Teleport’s board.
Investment Focus Areas: Technology, healthcare, and financial services.
Notable Investments: LinkedIn, Shopify, Pinterest.

2. Insight Partners

Details: Global PE and VC firm investing in growth-stage software and tech companies. Matt Koran will join as a board observer.
Investment Focus Areas: Software, internet, data services.
Notable Investments: Twitter, Alibaba, DocuSign.

3. Kleiner Perkins

Details: Venture capital firm backing high-growth technology companies. Participated in Series B and C rounds.
Investment Focus Areas: Technology, life sciences, high-growth industries.
Notable Investments: Google, Amazon, Uber.

4. S28 Capital

Details: Early-stage venture capital firm investing in technology startups. Participated in Series B and C rounds.
Investment Focus Areas: Early-stage technology companies.
Notable Investments: Mattermost, LaunchDarkly.

5. Y Combinator

Details: Startup accelerator and seed investor. Led Teleport’s initial seed round.
Investment Focus Areas: Technology, software, and internet services.
Notable Investments: Airbnb, Dropbox, Stripe.

Where Is Teleport’s Headquarters?

Teleport is headquartered in Oakland, California, providing access to a thriving tech ecosystem and proximity to West Coast talent and enterprise clients.

What’s Next for Teleport?

Teleport is poised to capitalize on the growing demand for secure, identity-based access to infrastructure in complex cloud environments. With its $110 million Series C funding, the company plans to expand R&D, enhance its platform with features like Teleport Machine ID and Teleport Connect, and attract more high-profile clients.

While opportunities for future fundraising or acquisition exist, Teleport will need to navigate challenges such as scaling securely, maintaining platform reliability, and competing in a crowded cybersecurity landscape. Successful execution could position Teleport as a market leader in secure remote access solutions.

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