The story
Forward Networks was founded by David Erickson, Nikhil Handigol, Brandon Heller, and Peyman Kazemian, who met as Ph.D researchers at Stanford University. While operating software-defined networking deployments running OpenFlow at the university, Erickson, Handigol, Heller, and Kazemian built a software platform based on Kazemian's research at Stanford for his electrical engineering dissertation. Kazemian's research enabled the use of configuration data and operational state information from devices on a network to create a virtual copy of that network.
Until November 2016, the company operated in stealth mode and raised $16 million in funding by DFJ, with participation from Andreesen Horowitz.
In October 2019 the company raised $35 million in Series C funding led by Goldman Sachs, also a customer of the company.
In January 2023, following 139% year-over-year growth, Forward Networks announced it closed $50M in Series D funding. The round was led by MSD Partners with support from new investors, Section 32 and Omega Venture Partners.
Forward Networks' other customers include PayPal, Ubisoft, and Telstra.
From Wikipedia’s article on Forward Networks, shared under CC BY-SA 4.0.6