INSUBCONTINENT EXCLUSIVE:
Security breaches and other activities that cause network surges and outages are all on the rise in the enterprise, and today, a startup
called Forward Networks, which has built a clever way to help businesses monitor their network traffic to identify when things are going
wrong, has raised a round of $35 million to continue expanding its business to meet that demand.The money, a Series C, is being led by
Goldman Sachs, which in this case is both a strategic and financial investor
at Goldman Sachs, was so pleased with the results that he recommended the bank also invest in the company
Others participating in this round include Andreessen Horowitz, Threshold Ventures (previously DFJ Venture) and A
there around mathematical modeling
This is not a fixing platform per se, but in developer operations, there is a fundamental need and gap in the market for products that help
designed to provide more granular and intelligent pictures of how apps and networks behave in our modern technology landscapes.Erickson
have actually been slower to migrate processes in cases where legacy services still work well, and they still harbour distrust of public
cloud security and reliability
In that context, Goldman Sachs is a significant client, with some 15,000 devices in its network alone.Looking ahead, Erickson said that the
funding would be used in part for R-D and in part to continue its business development
There are a number of other solutions and services out there that have identified the opportunity of providing better network management as
a route to identifying security threats and other risks, so that also presents an opportunity for M-A for Forward, although Erickson
