Fortinet - About the company
Fortinet is a public company based in Sunnyvale (United States), founded in 2000 by , and . It operates as a Platform offering cloud security posture management solutions. Fortinet has raised $39M in funding. The company has 502 active competitors, including 50 funded and 53 that have exited. Its top competitors include companies like Palo Alto Networks, Thales and Cisco.
Company Details
Platform offering cloud security posture management solutions. Its products include secure networking, user and device security, security operations, application security, treat intelligence and more. The platform offers a variety of solutions, including threat detection and response, automated security operations, cybersecurity and more.
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Key Metrics
Founded Year
2000
Location
Sunnyvale, United States
Stage
Public
Total Funding
in 3 rounds
Latest Funding Round
Ranked
4th among
Employee Count
as on Sep 30, 2024
Investment & Acquisitions
&
Similar Companies
Exit Details
Public
Legal entities associated with Fortinet
Fortinet is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CIN: 22.304.225/0001-74 Brazil, Active | Apr 22, 2015 | - | - | - |
CIN: 644614 United States, Active | Oct 14, 2020 | - | - | - |
CIN: 32087701556 United States, Active | May 19, 2023 | - | - | - |
CIN: 40875344 Denmark, Active | Oct 16, 2019 | - | - | - |
CIN: 1262039 United States, Deadpooled | Nov 27, 2000 | $4.42B (as on Dec 31, 2022) | - | - |
Jun 05, 2008 | $30.2M (as on Mar 31, 2022) | - |
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Fortinet's funding and investors
Fortinet has raised a total funding of $39M over 3 rounds. Its first funding round was on May 2002. Its latest funding round was a Venture Debt round on Mar 02, 2004 for $50M. 4 investors participated in its latest round, which includes Meritech, Japan Asia Investment, Industry Ventures and DCM Ventures.
Fortinet has 18 institutional investors including Meritech, and .
Here is the list of recent funding rounds of Fortinet:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Mar 02, 2004 | $50M | Venture Debt | 5466873 | 4068841 | Redpoint Ventures, Meritech, and |
Aug 26, 2003 | $30M | Series D | 3143521 | 7573863 | |
May 2002 | $9M | Series A | 7651332 | 4633526 |
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Fortinet's founders and board of directors
The founders of Fortinet are , and .
Here are the details of Fortinet's key team members:
- : Co-Founder & CEO of Fortinet and founder of , Fortinet and FortiCloud.
- : Co-Founder & CTO of Fortinet and founder of , Fortinet and FortiCloud.
- : Co-Founder of Fortinet. Contact Info:
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Fortinet's employee count trend
Fortinet has 42 employees as of Sep 24. The total employee count is 7.0% lower than what it was in Sep 23. Here is Fortinet's employee count trend over the years:
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Fortinet's Competitors and alternates
Top competitors of Fortinet include Palo Alto Networks, Thales and Cisco. Here is the list of Top 10 competitors of Fortinet, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Palo Alto Networks 2005, Santa Clara (United States), Acquired | AI and cloud based platform offering a suite of cyber security solutions | $65.7M | Lehman Brothers, Open X Innovations听&补尘辫;听 | 83/100 |
2nd | AI-based software suites for navigation applications | - | VentureTech Alliance, 听&补尘辫;听 | 80/100 | |
3rd |  Cisco 1984, San Jose (United States), Public | AI and saas based cloud security solutions | $2.5M | Point Financial, TeleSoft Partners听&补尘辫;听 | 76/100 |
4th | 2000, Sunnyvale (United States), Public | Platform offering cloud security posture management solutions | $39M | Meritech, Japan Asia Investment听&补尘辫;听 | 75/100 |
5th | Imperva 2002, Redwood City (United States), Acquired | Cloud based cyber security suite solutions provider | $54M | Herald Investment Management, Venrock听&补尘辫;听 | 75/100 |
6th | IBM 1911, Armonk (United States), Public | Hybrid cloud and devops automation platform for enterprises | - | , Runway听&补尘辫;听 | 75/100 |
7th | Check Point Software 1993, San Carlos (United States), Public | Cloud based platform offering a suite of cyber security solutions | - | Herald Investment Management, Venrock听&补尘辫;听 | 73/100 |
8th | Symantec 1982, Mountain View (United States), Acquired | Enterprise security solution suite | - | 72/100 | |
9th | Proofpoint 2002, Sunnyvale (United States), Acquired | Cloud based pltform that offers enterprise cybersecurity suite solutions | $86M | 72/100 | |
10th | Bitdefender 2001, Bucharest (Romania), Series B | Provider of a suite of cyber security solutions | $7M | Vitruvian Partners, 听&补尘辫;听 | 72/100 |
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Fortinet's Investments and acquisitions
Fortinet has made 6 investments in companies including Linksys and HyTrust. Fortinet has also acquired 20 companies including and Perception Point. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 22, 2025 | Acquisition |  | 2019 | Tel Aviv, Israel |
Dec 12, 2024 | Acquisition | 2015 | Tel Aviv, Israel | |
Aug 05, 2024 | Acquisition | 2016 | London, United Kingdom |
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Reports related to Fortinet
Here is the latest report on Fortinet's sector:
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News related to Fortinet
Media has covered Fortinet for a total of 193 events in the last 1 year, 142 of them have been about company updates and 21 about partnerships.
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SiliconAngle鈥�Jun 18, 2025鈥�Fortinet
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GlobeNewswire鈥�Jun 17, 2025鈥�Fortinet
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Channel Post Middle East & Africa鈥�Jun 17, 2025鈥�Fortinet
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Business News This Week鈥�Jun 17, 2025鈥�Fortinet
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MarketBeat鈥�Jun 07, 2025鈥�Fortinet
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SecurityBrief鈥�Jun 05, 2025鈥�Fortinet
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FAQ's about Fortinet
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