Forward Networks, a Palo Alto, Calif.-based provider of a platform which uses advanced modeling and analytics to precisely analyze network behavior in networks with thousands of nodes, raised $16m in Series B venture capital funding round.
The round, which brings the company’s total fundraising to $27m, was led by DFJ, with participation from Andreessen Horowitz and A.Capital Ventures.
The company intends to use the funds to continue to innovate and expand operations.
Founded in 2013 by David Erickson, CEO, Forward Networks provides the Forward Platform, which launched from stealth last November, uses advanced modeling and analytics to precisely analyze network behavior in networks with thousands of nodes.
The platform builds an accurate behavioral model of the network, no matter how large or complex. This behavioral model, and the applications built on top, eliminate and reduce manual and error-prone activities that network operators must endure on a daily basis.
In addition to its Series B, Forward Networks is unveiling Forward Essentials, a new product which enables engineers and operators to easily access network state to reduce the time to root-cause network and security issues, as well as improve overall efficiency and time to market for network changes. Delivered as a web application, Forward Essentials provides instant search, a visual topology map, historical diff’ing, easy view sharing among teams, and full REST APIs for automation.
In addition to Forward Essentials, Forward Networks offers three applications: Forward Search, Forward Verify and Forward Predict, which, working together, allow customers to improve operational efficiency, reduce outage occurrence and duration.
FinSMEs
30/08/2017