The round was led by Bessemer Venture Partners with participation from Insight Partners and existing investors Kleiner Perkins and S28 Capital. This investment brings Teleport's total funding raised to $169 million at a current valuation of $1.1 billion, and comes after the company nearly tripled its revenue and doubled its customer base from 2020 to 2021.

Teleport, leading provider of Identity-based Infrastructure Access Management, consolidates the four essential infrastructure access capabilities every security-conscious organization needs: connectivity, authentication, authorization, and audit. Teleport's unique approach is not only more secure but also improves developer productivity. Teleport is used by leading companies including Elastic, Snowflake, Doordash, and NASDAQ.