Security Startup ForgeRock Brings In $88 Million
ForgeRock announced it has secured $88 million in Series D financing. Accel Partners led the round, with participation from KKR, Meritech Capital Partners, and Foundation Capital.
ForgeRock is a digital identity management company with a mission to transform the way organizations interact securely with customers, employees, devices, and things. Organizations that adopt the ForgeRock identity platform as their digital identity system of record can monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the Internet of things. ForgeRock serves hundreds of brands, including Morningstar, Vodafone, GEICO, Toyota, TomTom, and Pearson, as well as governments, including those of Norway, Canada, and Belgium, and secures billions of identities worldwide.
In its announcement, the company said the funds will fuel the company’s ongoing global expansion and product innovation. They will also fund the company’s research and development efforts in enhancing the ForgeRock identity platform.