Security News > 2020 > April > ForgeRock Raises $93.5 Million Ahead of IPO

San Francisco-based identity and access management solutions provider ForgeRock has raised $93.5 million in a Series E funding round, which brings the total raised by the company to more than $230 million.

ForgeRock told SecurityWeek that it expects this to be the last round of funding before the company goes public.

Now ForgeRock again says it's preparing for an IPO, citing growing market opportunity, its advanced technology, and a strong customer base.

It also pointed out that the main investor in this round, Riverwood Capital, has a strong track record when it comes to helping companies prepare for an IPO. "To be competitive today, companies need to deepen their relationships with their customers and improve the productivity and connectivity of their workforce. ForgeRock is the only AI-driven platform that empowers organizations to create amazing digital experiences for both workforce and consumer segments as well as things," said ForgeRock CEO Fran Rosch.

ForgeRock offers identity and access management solutions for consumers, employees and devices.

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