ForgeRock is a technology company.
ForgeRock has raised $234.0M across 5 funding rounds.
ForgeRock has raised $234.0M in total across 5 funding rounds.
ForgeRock is a digital identity and access management (IAM) software company that builds the ForgeRock Identity Platform, an AI-driven, cloud-native suite for securing and managing identities across customers, employees, contractors, devices, and IoT "things."[1][4][5] It serves enterprises in sectors like healthcare, finance, retail, government, and education by solving the problem of scaling secure access in multi-cloud, hybrid, or on-premises environments, preventing unauthorized access while enabling user self-service for profiles, passwords, and privacy.[2][3] The platform handles over 3 billion identities for more than 1,000 global organizations, offering components like access management, identity governance, directory services, and edge security, deployable in minutes.[1][4]
Acquired by Thoma Bravo for $2.3 billion in August 2023 and merged into Ping Identity, ForgeRock's products continue development, maintaining strong growth momentum from its 2021 NYSE IPO (ticker: FORG) and prior $230 million in funding.[4]
ForgeRock was founded in February 2010 in Norway by former Sun Microsystems employees following Oracle's acquisition of Sun, which planned to phase out Sun's open-source IAM projects like OpenSSO, OpenDS, and OpenIDM.[4][5] The founders forked this code to preserve and evolve it independently, launching ForgeRock to deliver commercial support for these tools.[5]
Early traction built on unifying the projects into the ForgeRock Identity Platform, raising $93.5 million in Series E funding by April 2020 (totaling $230 million), going public in 2021, and culminating in the 2022 Thoma Bravo acquisition deal, completed in 2023 with integration into Ping Identity.[4]
ForgeRock rides the explosive growth in Customer Identity and Access Management (CIAM) and zero-trust security trends, fueled by rising cyber threats, IoT proliferation, and multi-cloud adoption.[1][2][5] Its timing capitalized on post-Sun disruption in 2010, filling a gap in scalable, open-source-derived IAM as enterprises shifted from legacy systems to API-driven, AI-enhanced platforms.[5]
Market forces like regulatory demands (e.g., privacy laws) and the need for seamless, secure digital experiences in finance/healthcare favor its strengths, influencing the ecosystem by powering integrations across 2,000+ apps and enabling partners like Sennovate to deliver managed IAM services globally.[3] Post-acquisition, it bolsters Ping Identity's portfolio amid consolidation in cybersecurity.
ForgeRock's integration into Ping Identity positions it for accelerated innovation in AI-powered IAM, potentially expanding passkey support and edge security for passkeys and biometrics amid rising passwordless adoption.[5] Trends like UEBA, IoT security, and regulatory pressures will shape its path, evolving its influence through Thoma Bravo's portfolio synergies.
As a pioneer forking Sun's legacy into a $2.3B platform managing billions of identities, ForgeRock exemplifies how preserving open-source IAM drives secure, connected worlds today.[1][4]
ForgeRock has raised $234.0M in total across 5 funding rounds.
ForgeRock's investors include Accel, Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff.
ForgeRock has raised $234.0M across 5 funding rounds. Most recently, it raised $94.0M Series E in April 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2020 | $94.0M Series E | Accel, Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff | |
| Sep 1, 2017 | $88.0M Series D | Accel, Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff | |
| Jun 1, 2014 | $30.0M Series C | Accel, Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff | |
| Apr 1, 2013 | $15.0M Series B | Accel, Ansa Capital, Meritech Capital Partners, WestWave Capital | |
| Mar 1, 2012 | $7.0M Series A | Accel, Ansa Capital, Meritech Capital Partners, WestWave Capital |