ForgeRock, a San Francisco, CA-based provider of digital identity management solutions, closed an $88m Series D funding.
The round was led by Accel with participation from new investor KKR and existing investors Meritech Capital Partners and Foundation Capital. In conjunction with the funding, Arun Mathew, partner at Accel. will join Accel partner Bruce Golden on the board of directors along with Dave Welsh, Head of TMT Growth Equity at KKR.
The company, which has now raised more than $140m in capital since its founding, will use the funds to accelerate ongoing global expansion and product innovation, specifically to broaden research and development efforts in further enhancing the ForgeRock Identity Platform, as well as hire new people.
Founded in 2010 and led by Mike Ellis, CEO, ForgeRock provides a digital identity management platform for organizations to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the Internet of Things.
The company currently serves hundreds of brands, including Morningstar, Vodafone, GEICO, TomTom, and Pearson, as well as governments such as Norway, New Zealand, and Belgium, among many others. It achieved record sales of more than $100 million in FY2016.
ForgeRock has offices in Austin, London, Bristol, Grenoble, Munich, Paris, Oslo, Singapore, Sydney and Vancouver, Washington and employs 400 people.
FinSMEs
05/09/2017