Fortinet Lands $30 Million In Funding

Hardware maker secures another round of funding as the market for security software continues to grow.

George V. Hulme, Contributor

August 26, 2003

1 Min Read
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The market to provide security defenses against viruses, worms, and other E-mail and Web-application attacks is heating up. Security hardware maker Fortinet Inc. today landed $30 million in series D funding. This round, led by Redpoint Ventures, brings Fortinet's total funding to date to more than $43 million since the company's founding in 2000.

Fortinet's series of Fortigate security gateways provide antivirus protection, inappropriate Web content, as well as a firewall, VPN, intrusion detection, and network traffic management.

Fortinet competes against similar products from Symantec and Internet Security Systems, says Pete Lindstrom, research director at Spire Security. Says Lindstrom: "They're going to need a lot of cash to compete with ISS and Symantec."

About the Author

George V. Hulme

Contributor

An award winning writer and journalist, for more than 20 years George Hulme has written about business, technology, and IT security topics. He currently freelances for a wide range of publications, and is security blogger at InformationWeek.com.

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