from the February 2016 issue

Cyber Security Startup ForeScout Valued $1B After Raising $76M

Israeli cyber security startup ForeScout Technologies has raised $76 million in a financing round led by Wellington Management. Now valued at $1 billion, ForeScout has tripled its valuation over the past 18 months while also surpassing $125 million in revenue in fiscal year 2015 (in excess of 50% compounded annual growth rate since 2012). The additional capital will be used to expand global field operations, build a support organization and increase R&D efforts to accelerate leadership in the Internet of Things (IoT). Headquartered in Campbell, California, ForeScout's development center is in Ramat Hahayal, Tel Aviv where it has 150 employees. The company was founded in 2000 by Chairman Prof. Hezy Yeshurun from Tel Aviv's Faculty of Computer Science, CTO Oded Comay, and senior manager Doron Shikmoni. Pitango led the company's first financing round in 2001 and partner Rami Kalish serves on the board of directors.

Reprinted from the Israel High-Tech & Investment Report February 2016

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