Forward Networks announced that it has secured $50 million in Series D funding, enabling the company to continue investing in its digital twin network modeling software that delivers security, reliability, and agility to large enterprise networks.
The funding round, led by MSD Partners, L.P., includes new investors Section 32 and Omega Venture Partners as well as existing investors Goldman Sachs Asset Management (Goldman Sachs), Threshold Ventures, A. Capital, and Andreessen Horowitz. Additionally, Victor Hwang, managing director and co-head of MSD Growth, joins the Forward Networks board of directors.
By creating a mathematically accurate digital twin of the network, Forward Enterprise delivers actionable insights that enable network operators to make data-driven decisions, prevent errors and improve overall network security, compliance, and health.
The platform supports all major networking vendors, hybrid-cloud, and multi-cloud environments, including AWS, Google Cloud Platform, and Microsoft Azure.
“We’re creating a new technology category with a product that our customers deem indispensable as soon as it's implemented. We're excited to put this capital to work to grow sales and deliver a product that unlocks the power of the data inside everyone's digital infrastructure,” said David Erickson, CEO and co-founder of Forward Networks.
For more information about this news, visit www.forwardnetworks.com.