As a long-term observer of the IAM market, KuppingerCole finds it interesting to see the change in both the size of investments and the type of investors in this market. Just recently, ForgeRock announced an $88 million round in series D funding. This follows other major investments in IAM vendors such as Okta, Ping Identity, and SailPoint, to name a few.
What is interesting with the recent funding for ForgeRock is that KKR appears on the list, one of the very big names amongst the investors. I found that particularly telling because it means that IAM is now on the radar of a different type of investor, beyond the more focused IT- and Information Security-focused investors we have primarily seen until now.
Obviously, such major investment helps ForgeRock to continue their growth, to further expand their product offerings, and strengthens their market position. We will closely follow the plans and releases of ForgeRock for their Identity Platform and keep you up-to-date.
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