Forward Networks raises $35M to help enterprises map, track, and predict their networks’ behavior

Forward Networks raises $35M to help enterprises map, track, and predict their networks’ behavior

5 years ago
Anonymous $JavybBYWR5

https://techcrunch.com/2019/10/08/forward-networks-raises-35m-to-help-enterprises-map-track-and-predict-their-networks-behavior/

Security breaches and other activity that causes network surges and outages are all on the rise in the enterprise, and today, a startup called Forward Networks, which has built a clever way to help businesses monitor their network traffic to identify when things are going wrong, has raised a round of $35 million to continue expanding its business to meet that demand.

The money, a Series C, is being led by Goldman Sachs, which in this case is both a strategic and financial investor. David Erickson, the startup’s co-founder and CEO, said the investment bank started out as a customer, and Joshua Matheus, MD for technology at Goldman Sachs, was so pleased with the results that he recommended that the bank also invest in the company. Others participating in this round include Andreessen Horowitz, Threshold Ventures (previously DFJ Venture) and A. Capital, the three investors that were behind Forward Networks’ previous round of $16 million in 2017.

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