Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Forward Networks Raises $50 Million in Series D Funding

Forward Networks, a company that provides network security and reliability solutions, has raised $50 million from several investors.

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

Advertisement. Scroll to continue reading.

Related: Zero Trust Network Access Provider Banyan Security Raises $30 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing 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.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this event as we dive into threat hunting tools and frameworks, and explore value of threat intelligence data in the defender’s security stack.

Register

Learn how integrating BAS and Automated Penetration Testing empowers security teams to quickly identify and validate threats, enabling prompt response and remediation.

Register

People on the Move

Wendi Whitmore has taken the role of Chief Security Intelligence Officer at Palo Alto Networks.

Phil Venables, former CISO of Google Cloud, has joined Ballistic Ventures as a Venture Partner.

David Currie, former CISO of Nubank and Klarna, has been appointed CEO of Vaultree.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.