ForeScout Technologies Inc., a Campbell, CA-based provider of an agentless cybersecurity platform, secured $76m in financing.
The round, which valued ForeScout at $1 billion, was led by Wellington Management Company LLP.
The company intends to use the funds to expand global field operations, build a support organization and increase R&D efforts to accelerate growth in the Internet of Things (IoT) security space.
Led by Michael DeCesare, CEO and President, ForeScout has developed a technology platform which provides Global 2000 enterprises and government organizations with the ability to see devices the instant they connect to the network, control them and orchestrate information sharing and operation among disparate security tools. The solution integrates with leading network, security, mobility and IT management products.
The company, which has surpasses $125 million in revenue in fiscal year 2015, serves more than 2,000 customers in over 60 countries.