Total amount raised
$89 Millions
Latest funding date
03/01/2004
Location
Fortinet has established itself as a global leader in cybersecurity solutions and services, offering a comprehensive platform that includes hybrid mesh firewalls, AI-driven security, and secure networking. The company's extensive range of products and services caters to various industries and business sizes, ensuring robust protection against evolving cyber threats.
Keep reading to explore the intricacies of Fortinet's fundraising journey and the investors backing this innovative platform.
What Is Fortinet?
Fortinet, founded in 2000 by Ken Xie and Michael Xie, is a prominent player in the cybersecurity industry. Headquartered in Sunnyvale, California, the company employs over 10,000 people globally.
Specializing in comprehensive security solutions, Fortinet serves enterprises, service providers, and government organizations. The company's innovative technologies, such as next-generation firewalls and AI-driven security, are designed to protect networks, applications, and data.
How Much Funding Has Fortinet Raised?
- Venture Round
- Amount Raised: $9M
- Date: July 2002
- Lead Investors: DEFTA Partners
- Venture Round
- Amount Raised: $30M
- Date: August 2003
- Lead Investors: Meritech Capital Partners
- Venture Round
- Amount Raised: $50M
- Date: March 2004
- Lead Investors: -
In total, Fortinet has raised $89M across these funding rounds.
Key Investors
- DEFTA Partners
- Details: DEFTA Partners is a venture capital firm that invests in early-stage technology companies. They have a strong presence in both the United States and Japan.
- Investment Focus Areas: Technology, healthcare, clean energy
- Notable Investments: Not publicly disclosed
- Meritech Capital Partners
- Details: Meritech Capital Partners is a leading venture capital firm that focuses on late-stage investments. They have a history of backing successful technology companies.
- Investment Focus Areas: Software, internet, healthcare
- Notable Investments: Facebook, Salesforce, Tableau
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