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# Teleport raises $30MM in series-B and launches secure access for Mongo

**[Teleport](https://daily.dev/sources/teleport)** · 4 min read · 0 upvotes · 0 comments

## Summary

Teleport announced a $30M Series B funding round led by S28 Capital and Kleiner Perkins, following a quarter with 5x growth in new annual recurring revenue. Alongside the funding, the company released Teleport 7.0, adding identity-based access support for MongoDB, aiming to replace VPN and shared-credential approaches to securing databases. The company reports triple-digit revenue growth targets for the year and plans to expand its team and international operations with the new capital.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://goteleport.com/blog/series-b>

## Questions this post answers

### What new database support did Teleport 7.0 add?

Teleport 7.0 introduced identity-based access for MongoDB, letting engineers authenticate to MongoDB databases without relying on VPNs or shared credentials. This extends Teleport's existing identity-based access model, previously used for SSH, to database resources, aiming to reduce the operational overhead of securing databases individually.

_Teams standardizing database access controls can track releases like this one on daily.dev._

### How much funding did Teleport raise in its Series B round?

Teleport raised $30 million in Series B funding, led by S28 Capital and Kleiner Perkins. The round followed a quarter in which net new annual recurring revenue grew 5x and total annual recurring revenue grew 2.5x compared to the same quarter a year earlier, with plans to use the capital for product development and international expansion.

_Engineers following infrastructure access vendors can keep tabs on funding and product moves via daily.dev._

---

Tags: [#security](https://daily.dev/tags/security), [#venture-capital](https://daily.dev/tags/venture-capital), [#mongodb](https://daily.dev/tags/mongodb)

[View this post on daily.dev](https://daily.dev/posts/teleport-raises-30mm-in-series-b-and-launches-secure-access-for-mongo-hy1leg70o)

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