TechWeb

Fortinet Lands $30 Million In Funding

Aug 26, 2003 (09:08 AM EDT)

Read the Original Article at http://www.informationweek.com/news/showArticle.jhtml?articleID=13900123


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."