ForgeRock raises US$93.5m to drive R&D and expansion

Digital identity solution provider ForgeRock has completed a US$93.5 million Series E round of fundraising to fuel research and development, cloud, global sales, and market awareness.

It will also invest in ForgeRock Identity Cloud to make it easier for enterprises to scale by offering a full range of cloud deployment options.

Led by Riverwood Capital, the latest round of funding also came from existing investors such as Accel, Foundation Capital, KKR Growth, and Meritech Capital.

“We will accelerate our plans to extend our Cloud to Singapore for data residency and compliance, further supporting local companies utilising our unique identity management solutions to power innovation and remote working,” said Fran Rosch, Chief Executive Officer of ForgeRock.

“We will also be adding an ANZ-specific PaaS as part of our next major Cloud release later this year. Our ambition is to be the partner of choice for large enterprises in Singapore that want to deliver more seamless services to customers and employees,” he added.