ForgeRock, the identity and access management initiative established in 2010, announced it has received $ 93.5 million in investment.
ForgeRock, a San Francisco-based company that offers digital identity management solutions, came up with a new investment news. ForgeRock, founded by Hermann Svoren, Jonathan Scudder, Lasse Andresen, Steve Ferris, and Victor Ake, announced that it has received an investment of $ 93.5 million.
ForgeRock, the cyber security initiative established in 2010, has increased over $ 230 million with the new investment of $ 93.5 million. Let us also remind you that ForgeRock recently received an investment of $ 88 million under the leadership of Accel in September 2017.
According to information shared by ForgeRock, the $ 93.5 million E-series investment tour was led by Riverwood Capital and Accenture Ventures. Let’s add that Accel, Meritech Capital, Foundation Capital and KKR Growth, who are the old investors of the enterprise, participated in the investment.
Managed by a team of 600, ForgeRock also has offices in the UK, France, Canada, Norway, Germany, Australia and Singapore. ForgeRock’s solutions are currently used by more than a thousand organizations. Let’s add that there are important companies such as AutoZone, Philips, Geico, BBC, BMW, Pearson and Deloitte among the customers of ForgeRock.
According to the statements made by ForgeRock CEO Fran Rosch, the new investment of $ 93.5 million will be used for R&D studies, cloud infrastructure and increasing global sales. It should be noted that the ForgeRock initiative is preparing to go public. According to information shared by ForgeRock CEO Fran Rosch, the $ 93.5 million E-series investment round may be the last investment round before the company went public.