Itochu-backed ForeScout has achieved unicorn status in its latest funding round as it gears up for an initial public offering.
US-based cybersecurity company ForeScout Technologies, backed by conglomerate Itochu Corporation, raised $76m yesterday in a funding round led by investment firm Wellington Management.
The round values ForeScout at $1bn, a trebling of the company’s 2014 valuation. A regulatory filing dated December 2015 reveals the company was seeking up to $135m for the round.
Founded in 2000, ForeScout has developed technology to detect and secure devices, such as computers, smartphones and internet of things endpoints, as soon as they connect to…
