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§ Private Profile · San Francisco, CA, USA
A cloud-based identity and access management (IAM) solutions provider for securing consumers, employees, and enterprises.
San Francisco-based ForgeRock provides cloud-based identity and access management software solutions for securing consumers, employees, and complex enterprise environments. The company manages over three billion identities across its core platform and serves a global client base of more than 1,300 enterprise customers. Its commercial subscription model supports major corporate clients across various industry verticals, including recognizable global brands such as Vodafone, Toyota, and TomTom. Backed by venture capital firms like Accel, the enterprise software provider raised $233.7 million across five funding rounds before transitioning to the public markets. The organization completed its initial public offering on the stock exchange in September 2021, achieving an approximate $2 billion valuation while growing its workforce to over 500 employees. ForgeRock was founded in 2010 by Allan Foster, Hermann Svoren, Jonathan Scudder, Lasse Andresen, Steve Ferris, and Victor Ake.
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 Accenture Ventures, Jeff Parks, Accel, Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff, Foundation Capital, KKR, Dave Welsh.
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 | Status |
|---|---|---|---|---|
| Apr 1, 2020 | $94M Series E | Accenture Ventures, Jeff Parks | Accel, Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff, Foundation Capital, KKR | Announced |
| Sep 1, 2017 | $88M Series D | Accel | Ansa Capital, Meritech Capital Partners, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff, Foundation Capital, Dave Welsh | Announced |
| Jun 1, 2014 | $30M Series C | Meritech Capital Partners | Accel, Ansa Capital, Sherpalo Ventures, The Valley Fund, WestWave Capital, Marc Benioff, Warren Weiss | Announced |
| Apr 1, 2013 | $15M Series B | Warren Weiss | Accel, Ansa Capital, Meritech Capital Partners, WestWave Capital | Announced |
| Mar 1, 2012 | $7M Series A | Accel | Ansa Capital, Meritech Capital Partners, WestWave Capital | Announced |