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Keyfactor raises $77 million to simplify digital security management

Keyfactor, formerly Certified Security Solutions, was founded in 2001 with the mission of automating digital security management across automotive, financial, health care, and retail verticals. In the nearly 20 years since its incorporation, it has carved out a sizeable slice of the $22.68 billion global identity and access management market. The company says it has managed to double revenue year over year, with clients in the Global 2000, like Lightspeed Systems. Moreover, it now secures more than 500 million digital certificates — i.e., electronic documents used to verify the identify of an individual or company, and to associate that identity with a public key — and is poised to expand its reach significantly in the year ahead.