Cybersecurity Co. ForeScout Valued At $1B After Raising $76M

Law360, New York (January 21, 2016, 12:24 PM EST) -- ForeScout Technologies Inc. said Thursday that it has raised $76 million in additional financing, led by investment management firm Wellington Management Co., bringing its total valuation up to $1 billion.

The Campbell, California-based cybersecurity outfit said it would use the latest funding to help expand its global field operations, build out support services and increase research and development efforts.

ForeScout said it has tripled its valuation over the last 18 months, and credits its focus on security for the Internet of Things as a driver behind recent investments. President and CEO Michael DeCesare said the emergence of Internet-connected devices on a...

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