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Tech Industry

Open-source start-up gets funding

Ping Identity, which develops open-source software and services for managing digital identity information, has raised $5.8 million.

Ping Identity, which develops software and services for managing digital identity information, has raised $5.8 million, the Denver-based start-up said this week. General Catalyst Partners led the funding round, with Fidelity Ventures and individual investors also joining, Ping Identity said. Dave Power, a partner at Fidelity, has joined Ping Identity's board, which already has two members from General Catalyst.

Ping Identity's software is based on the open-source Source ID project, although the company also sells commercial versions with enhanced features. The software is used to "federate" authentication processes so a person who signs onto one network can be transferred to another without having to sign on again.