Thursday, January 21, 2016

ForeScout Secures $76 Million for Agentless Cybersecurity

ForeScout Technologies, which specializes in agentless cybersecurity, secured $76 million in additional late-stage funding.

ForeScout provides the ability to see and control the rapidly growing population of unsecured and dark devices. ForeScout CounterACT acts as "the glue that links together previously disparate solutions",  enriching over 70 security tools with its warehouse of device context enabling deliberate security orchestration across enterprise networks.

Now valued at $1 billion, ForeScout said it has tripled its valuation over the past 18 months while also surpassing $125 million in revenue in fiscal year 2015. The company has achieved in excess of 50 percent compounded annual growth rate since 2012, having grown at that scale while operating near cash flow neutral.

The new funding was led by Wellington Management Company LLP.

“It took 25 years for the world to get to 5 billion connected devices, but with the explosion of the IoT we’ll see around 30 billion by 2020—an entirely new approach to security is required,” said Michael DeCesare, ForeScout CEO & President. “Device proliferation and IoT deployments are easy entrances for cyber criminals if not detected and protected. With agentless visibility, intuitive automated controls and a commitment to integrating with leading security and IT management solutions, ForeScout is well-positioned to own the burgeoning IoT security market.”

See also