Security News > 2020 > April > ForgeRock raises $93.5M to accelerate growth and cloud innovation

ForgeRock has now raised more than $230 million in growth capital since its founding.

The company's plans for the funding are straightforward: ForgeRock will invest in research and development, cloud, global sales and market awareness so it can accelerate growth and continue to enable its customers to create exceptional digital identity experiences for their workforces, consumers and things.

The company will continue to invest in ForgeRock Identity Cloud, aimed at making it easier for enterprises to scale by offering a full range of cloud deployment options.

"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.

The company released ForgeRock Identity Cloud and added new products like Identity Governance and Autonomous Identity that use artificial intelligence and machine learning to help customers make smarter identity decisions and create better identity experiences for their employees and customers.

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