Forward Networks, a company that specializes in security and reliability solutions for large enterprise networks, has raised $50 million in a Series D funding round.
The funding round, which brings the total invested in the company to more than $110 million, was led by MSD Partners, with participation from Section 32, Omega Venture Partners, Goldman Sachs Asset Management, Threshold Ventures, A. Capital and Andreessen Horowitz.
Forward Networks’ product creates a digital twin of the customer’s network, helping them gain insights that can be used to make better decisions and improve their network’s security, compliance and health. The platform supports AWS, Google Cloud Platform, and Microsoft Azure.
For network security, the company’s platform provides attack surface management, vulnerability management and security posture management capabilities.
Forward Networks claims to have quadrupled its customer base since 2019 and achieved an ARR growth of 139% from 2021 to 2022.