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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.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
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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.