ForgeRock raises $30 million
ForgeRock is an identity relationship management company that tracks customers and their purchases. ForgeRock has announced it has raised $30 million in Series C funding.
Meritech Capital Partners led the round of funding with participation from existing investors Accel Partners and Foundation Capital. ForgeRock has raised a total of $52 million. The funding will be used to build out its product and marketing.
“The legacy platforms vendors were built over the last 10-15 years to solve internal, employee centric identity– small populations primarily behind the firewall. As an open source vendor we built our platform through R&D… We figured out how to transform identity from an internal, employee centric technology focused on lowering support costs and compliance to an external, customer-centric platform focused on driving revenue and growing brand equity,” stated ForgeRock CEO Mike Ellis.
Some of its customers include Toyota, Geico, Yellow Pages, and Thomson Reuters. ForgeRock also has a strategic partnership with Salesforce.com.