ForgeRock Adds $93.5 Million in Series E Funding to Fuel Cloud Innovation   

ForgeRock, a provider of digital identity, has completed a $93.5 million Series E round of fundraising. ForgeRock plans to invest in research and development, cloud, global sales, and market awareness so it can accelerate growth. The company says it will continue to invest in ForgeRock Identity Cloud, aimed at making it easier for enterprises to scale by offering a 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. “Increasingly, our platform is becoming mission-critical to the largest organizations in the world, and we take our responsibility seriously to deliver on their expectations. This has become even more pronounced as remote work and E-commerce has surged in the wake of the COVID-19 pandemic. Completing this funding round in the current climate is a testament to the relevance of ForgeRock.”

This latest funding round was led by Riverwood Capital with participation from existing investores, including Accel, Meritech Capital, Foundation Capital, and KKR Growth. ForgeRock has now raised more than $230 million in growth capital since its founding. Riverwood Capital co-founder and managing partner Jeff Parks will join the ForgeRock board of directors. 

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