Analysis and Commentary, Funding

ForeScout Adds Fuel to the NAC Fire With $8M Round

0 Comments 03 July 2008

In yet another show of NAC market support and a significant vote of confidence, Cupertino, CA based ForeScout Technologies, has raised $8 million from previous investors Accel Partners , Amadeus Capital Partners , Meritech Capital Partners and Pitango Ventures. Worth noting is that ForeScout's previous round (number 4 for those of keeping track) was for $11.25 million, and also included only returning investors. Coupled with the investment made in Bradford Networks (that we covered here ) this is a strong indicator of not only interest, but also confidence in the NAC space. Of course, our position is that it is still a feature looking for a suitable home, a sentiment that appears to be shared by the VC community since the IPO market is toast right now.

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