Fortinet, a start-up based in Santa Clara, California, closed $30 million in fourth round funding for its ASIC-powered, network-based anti-virus firewall systems. The FortiGate systems deliver a full range of network-level services — firewall, VPN, intrusion detection and traffic shaping — as well as application-level services such as anti-virus and content filtering. The round was led by Redpoint Ventures, who was a new investor along with Meritech Capital Partners. All existing institutional investors also participated in the financing. Fortinet has raised $43 million to date.
http://www.fortinet.com
- Fortinet was founded by Ken Xie (CEO) and Michael Xie (CTO). Ken Xie previously was founder, president and CEO of NetScreen and was also founder, president and CEO of Stanford Infosystems, and the lead security architect with Healtheon (now WebMD). Michael Xie previously was vice president engineering for ServGate, software director and architect at NetScreen, and security architect for Milkyway.