Keyfactor announces $1B+ strategic growth investment to expand leadership in securing post-quantum enterprise. Insider Brief * Keyfactor has secured a $1 billion+ strategic growth investment led by Summit Partners to accelerate expansion in machine identity and digital trust infrastructure for AI and post-quantum environments. * The company plans to use the funding to scale its platform, expand geographically, enhance product capabilities, and pursue strategic acquisitions. * Keyfactor provides a unified platform for managing machine identities and cryptographic assets and serves major enterprises across banking, retail, and government sectors. Press release - Keyfactor, the leader in trust infrastructure for the AI and quantum era, today announced a $1 billion+ strategic growth investment led by Summit Partners. The transaction reflects the increasing strategic urgency around machine identity security, reinforcing Keyfactor's industry leadership at a pivotal moment for enterprise security. The new investment will help accelerate the company's global scale and growth initiatives, enabling product innovation, geographic expansion, team building and strategic acquisitions. Following the close of the transaction, existing investors, including Insight Partners and Sixth Street Growth, will maintain significant ownership in Keyfactor. "Trust infrastructure has become the foundation that every enterprise, government agency, and AI-driven organization depends on, and Keyfactor is the platform built to manage it at scale," said Jordan Rackie, Chief Executive Officer, Keyfactor. "This investment is a powerful validation of what our team has built and where we are headed. Summit Partners shares our conviction that the opportunity in front of us has never been larger, and this partnership gives us the resources and runway to capture it. For our customers and partners, this is a moment of continuity and acceleration: the same leadership, the same mission, and an even stronger platform." Four forces are converging to make trust infrastructure a board-level priority: AI-driven identity sprawl, shrinking certificate lifespans, tightening regulatory requirements, and the migration to post-quantum cryptography ("PQC"). Machine identities already outnumber human identities by orders of magnitude and continue to multiply faster than organizations can manage with fragmented tools and manual processes. Governments are reinforcing that urgency through new policy initiatives, including the White House's June 2026 executive orders to accelerate the nation's transition to post-quantum cryptography ahead of 2030. Trust can no longer be configured once and left alone. It must be continuously managed. Meeting that challenge requires bringing these fragmented pieces under one roof. Keyfactor helps organizations manage digital trust through a unified approach rather than a collection of disconnected tools. The company's Trust Control Plane is designed to provide centralized visibility into the machine identities, cryptographic assets, and trust systems that underpin digital operations, while automating key aspects of lifecycle management and supporting consistent governance across the enterprise. With Keyfactor, customers can achieve greater resilience, stronger security, and a measurable path to post-quantum readiness across cloud, on-premises, and hybrid environments, spanning devices, workloads, and AI agents. "In our view, the convergence of post-quantum preparation, agentic AI governance, shrinking certificate lifespans, and evolving regulatory expectations is creating an increasingly urgent need for a unified, enterprise-grade platform like Keyfactor's," said Andy Collins, a Managing Director at Summit Partners. "We believe the Keyfactor team has built a category-defining company with deep customer relationships, a highly differentiated solution, and a demonstrated ability to support organizations operating in some of the world's most complex and regulated environments. Unlike point solutions that address a single stage of the certificate lifecycle, Keyfactor offers an end-to-end platform spanning cryptographic discovery, issuance, and ongoing management." With accelerating year-over-year revenue growth and a record of strong profitability, Keyfactor is scaling from a position of financial strength. The company issues and manages billions of machine identities globally each year, helping more than 2,500 customers worldwide secure and automate trust at scale. Today, Keyfactor supports 50% of the largest banks in the U.S. and Europe, 80% of leading U.S. retailers, and over 40% of Fortune 100 companies with deep penetration in financial services, banking, technology, healthcare, telecom, and the U.S. federal government. Earlier this year, the company achieved FedRAMP certification status to support federal agencies and other government customers, offering a cloud-based option for certificate lifecycle automation designed to support secure modernization efforts. "Companies across industries and government entities are working to meet PQC-readiness before 2030, and we believe the market opportunity for Keyfactor is significant," said Colin Mistele, a Managing Director at Summit Partners. "Keyfactor's traction with early industry movers looking to prepare for compliance in the future, including those in the global financial services market, government and beyond, lays a solid foundation and builds confidence in the company's potential in other markets." Upon the close of the transaction, both Andy Collins and Colin Mistele will join the Keyfactor Board of Directors. "We are incredibly proud of what the Keyfactor team has built. The company has evolved from a market disruptor into a leader in machine identity management," said Thomas Krane, Managing Director at Insight Partners and Board Member at Keyfactor. "Our conviction in the business is stronger than ever, and our decision to remain an active investor reflects our continued excitement for Keyfactor's vision, leadership, and long-term growth potential." "Our enthusiasm for Keyfactor only continues to grow. Since our 2023 investment, the company has more than doubled in size, reflecting the strength of its leadership team and differentiated platform," said Alex Katz, a Managing Director at Sixth Street Growth. "With demand for machine identity management and cryptographic security accelerating, we believe Keyfactor is well-positioned for its next phase of growth." Piper Sandler has served as financial advisor to Summit Partners, and Qatalyst Partners has served as financial advisor to Keyfactor. Mohib ur rehman. Covering quantum and emerging technologies, Mohib explores the intersection of technology, security, and society. His work also frequently examines surveillance infrastructure and the institutions shaping the digital world. In addition to his work at The Quantum Insider, he co-runs SK NEXUS, an independent technology publication that helps readers understand the technologies shaping their lives. 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Keyfactor, a trust infrastructure platform for managing machine identities and cryptographic assets, has secured over $1 billion in strategic growth investment led by Summit Partners. Existing investors Insight Partners and Sixth Street Growth will maintain significant ownership stakes. The company serves more than 2,500 customers globally, including 50% of the largest US and European banks, 80% of leading US retailers, and over 40% of Fortune 100 companies. Keyfactor issues and manages billions of machine identities annually. The investment will fund product innovation, geographic expansion, team growth, and strategic acquisitions. The funding comes as organisations face mounting pressure to manage AI-driven identity sprawl, shrinking certificate lifespans, and prepare for post-quantum cryptography transitions ahead of 2030 government deadlines. Summit Partners' Andy Collins and Colin Mistele will join Keyfactor's board following the transaction's close.

Funding will support expansion of Keyfactor's trust infrastructure platform for AI, machine identity security and post-quantum cryptography.