Forward Networks, a company that specializes in security and reliability solutions for large enterprise networks, has raised $50 million in a Series D funding round.
The funding round, which brings the total invested in the company to more than $110 million, was led by MSD Partners, with participation from Section 32, Omega Venture Partners, Goldman Sachs Asset Management, Threshold Ventures, A. Capital and Andreessen Horowitz.
Forward Networks’ product creates a digital twin of the customer’s network, helping them gain insights that can be used to make better decisions and improve their network’s security, compliance and health. The platform supports AWS, Google Cloud Platform, and Microsoft Azure.
For network security, the company’s platform provides attack surface management, vulnerability management and security posture management capabilities.
Forward Networks claims to have quadrupled its customer base since 2019 and achieved an ARR growth of 139% from 2021 to 2022.
Related: Network Security Company Corsa Security Raises $10 Million
Related: Whistic Raises $35 Million in Series B Funding for Vendor Security Network
Related: Network Security Firm Portnox Raises $22 Million in Series A Funding
Related: Zero Trust Network Access Provider Banyan Security Raises $30 Million

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- In Other News: Government Use of Spyware, New Industrial Security Tools, Japan Router Hack
- Apple Denies Helping US Government Hack Russian iPhones
- Zero-Day in MOVEit File Transfer Software Exploited to Steal Data From Organizations
- Russia Blames US Intelligence for iOS Zero-Click Attacks
- Cisco Acquiring Armorblox for Predictive and Generative AI Technology
- Moxa Patches MXsecurity Vulnerabilities That Could Be Exploited in OT Attacks
- Organizations Warned of Salesforce ‘Ghost Sites’ Exposing Sensitive Information
- Organizations Warned of Backdoor Feature in Hundreds of Gigabyte Motherboards
Latest News
- Insider Q&A: Artificial Intelligence and Cybersecurity In Military Tech
- In Other News: Government Use of Spyware, New Industrial Security Tools, Japan Router Hack
- OpenAI Unveils Million-Dollar Cybersecurity Grant Program
- Galvanick Banks $10 Million for Industrial XDR Technology
- Information of 2.5M People Stolen in Ransomware Attack at Massachusetts Health Insurer
- US, South Korea Detail North Korea’s Social Engineering Techniques
- High-Severity Vulnerabilities Patched in Splunk Enterprise
- Idaho Hospitals Working to Resume Full Operations After Cyberattack
