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ForeScout Technologies Goes Public; Brings In $116 Million

ForeScout Technologies Goes Public; Brings In $116 Million
Credit: forescout.com

ForeScout Technologies raised $116 million in an upsized IPO by offering 5.3 million shares at $22, after originally planning to offer 4.8 million shares. ForeScout Technologies is listed on the Nasdaq under the symbol FSCT.

ForeScout provides Global 2000 enterprises and government agencies with agentless visibility and control of traditional and IoT devices the instant they connect to the network. The company protects its customers against security threats, and orchestrates processes among disparate security tools to help organizations accelerate incident response, break down silos, automate workflows, and optimize existing investments.

The company had previously raised more than $135 million in funding from investors including Wellington Management, Founders Circle Capital, Amadeus Capital Partners, Meritech Capital Partners, and Pitango Venture Capital.