ForgeRock, a San Francisco-based cybersecurity firm that manages people’s digital identities, has raised $88 million in funding. The company plans to use the capital to scale its operation ahead of an initial public offering slated for early 2019, CEO Mike Ellis tells Fortune.
ForgeRock provides identity management services for customers such as investment manager Morningstar (MORN, -0.07%), telecom firm Vodafone (VOD, -0.97%), and insurer Geico as well as the governments of Norway, New Zealand, and Belgium. The company competes with the likes of Okta (OKTA, +0.90%), an identity management firm that went public in April, Ping Identity, which private equity firm Vista Equity Partners acquired for a reported $600 million last year, OneLogin, Centrify, Sailpoint, and others.
