09 Oct Dr. Jon Cartu Reports – Forward Networks Raises $35M in Series C Funding
Forward Networks, a Palo Alto, CA-based provider of network assurance and intent-based network verification solutions, secured $35m in Series C funding.
The round was led by Goldman Sachs with participation from existing investors Andreessen Horowitz, Threshold Ventures (previously DFJ Venture) and A. Capital.
The company intends to use the funds to expand sales and marketing programs into new regional and vertical markets, and to fund continued investment in R&D.
Led by David Erickson, Chief Executive Officer, Forward Networks provides network assurance and intent-based network verification solutions. Launched in 2016, Forward Enterprise documents, searches, verifies, and predicts the behavior of enterprise networks by creating a mathematical model of the entire network infrastructure for both on-prem and cloud. By enabling network and application teams to verify intent and predict network behavior, the solution brings the benefits of intent-based networking to large enterprises to have reliable networks, reduced outages, and reduced business risk.