ForgeRock Raises $88M in Series E
ForgeRock has successfully raised $88M in a Series E at a $2.3B valuation led by KKR.
Company Overview
ForgeRock is a Identity company headquartered in San Francisco, CA, founded in 2010 with 1000+ employees.
Digital identity platform
Fundraising Details
- Amount Raised: $88M
- Round Type: Series E
- Valuation: $2.3B
- Date: 2024-12-01
- Investors: KKR
About ForgeRock
Digital identity platform The company is positioned in the Identity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2010
- Team Size: 1000+
- Industry: Identity
What This Means
This funding round demonstrates strong investor confidence in ForgeRock's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Identity sector continues to attract significant investment as companies innovate to meet evolving market demands. ForgeRock's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.3B valuation marks an important milestone for ForgeRock, positioning the company among notable players in the Identity industry.
Looking Ahead
With this new capital, ForgeRock is well-positioned to execute on its growth strategy and continue building innovative solutions in the Identity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-12-01. For more information about ForgeRock, visit their headquarters at San Francisco, CA.
