Teleport – Remote Access Technology Startup Raises $30M in Series B


Our Oakland based portfolio startup, Teleport (formerly Gravitational) has raised $30M in a Series B funding round led by the VC firm, Kleiner Perkins. This new funding came almost after 2 years of its Series A which raised the total funding amount of Teleport to $59.2M according to Crunchbase.

Teleport allows accessing SSH servers, Kubernetes clusters, web applications and databases remotely from anywhere with identity-based access like SSO (Single Sign On). Along with the announcement of Series B, company also announced the release of Teleport 7.0 that brings the support of accessing MongoDB databases as well which earlier was limited to only MySQL and PostgreSQL databases.

The company is planning to use the additional capital to accelerate product development by adding support for additional computing resources and for expanding its operations internationally.

Teleport has pioneered its Access Plane technology which offers industry best practices for secure access consolidated in a single solution, launched in 2018. Since then, the adoption of the Access Plane has been accelerating, starting with the tech and finance companies. This includes a major stock exchange, the biggest crypto exchanges, large gaming and e-commerce platforms.

Teleport’s CEO Ev Kontsevoy confirms that the company is on track to triple its revenue in 2021 – and hire its 100th employee.

“Since partnering with Teleport at Series A, we have watched them emerge as the leader in remote infrastructure access, while earning the trust of some of the largest and most security-conscious companies in the industry”, – said Bucky Moore, partner at Kleiner Perkins. “This made our decision to double down and lead their Series B an easy one. The scale of Teleport’s opportunity is massive, and continues to grow as the mega-trends of cloud and remote work play out. We are proud to continue our support of the company on their mission to simplify remote access for the millions of engineers on earth.”

“Having experienced identity-based SSH access, Teleport users expect the same benefits for other computing resources, particularly databases,” said Teleport Co-Founder and CEO Ev Kontsevoy. “Access Plane technology is putting the era of configuring access for every data store one by one behind us. We’re quite happy to be extending these benefits to the MongoDB users with this release, and our latest round of funding has made this an even more exciting time for our team here at Teleport.”

Please read full story at Teleport Blog.