About Fortinet
Fortinet is a company based in Sunnyvale (United States) founded in 2000 by Abida Nikam.. Fortinet has raised $54.2 million across 4 funding rounds from investors including Forval, Redpoint Ventures and Meritech Capital. The company has 14,140 employees as of December 31, 2024. Fortinet has completed 20 acquisitions, including ALAXALA Networks, AccelOps and Bradford Networks. Fortinet operates in a competitive market with competitors including Palo Alto Networks, FireEye, IBM, Symantec and Cisco, among others.
- Headquarter Sunnyvale, United States
- Employees 14140 as on 31 Dec, 2024
- Founders Abida Nikam
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fortinet, Inc.
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Annual Revenue
$5.96 B12.27as on Dec 31, 2024
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Net Profit
$1.75 B52.05as on Dec 31, 2024
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EBITDA
$1.92 B42.35as on Dec 31, 2024
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Total Equity Funding
$54.2 M (USD)
in 4 rounds
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Latest Funding Round
$15.2 M (USD), Series A
Jun 09, 2020
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Investors
Forval
& 5 more
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Employee Count
14140
as on Dec 31, 2024
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Investments & Acquisitions
ALAXALA Networks
& 19 more
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IPO & Listings of Fortinet
Fortinet is a publicly listed company on the NASDAQ with ticker symbol FTNT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
253 people
Systems Team
70 people
Leadership Team
51 people
Sales and Marketing
49 people
System Team
45 people
Product Management Team
32 people
Human Resources and Administration
27 people
Senior Team
23 people
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Funding Insights of Fortinet
Fortinet has successfully raised a total of $54.2M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15.2 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $15.2M
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First Round
First Round
(01 May 2002)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - Fortinet | Valuation |
investors |
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| Mar, 2004 | Amount | Debt – Venture - Fortinet | Valuation |
investors |
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| Aug, 2003 | Amount | Series D - Fortinet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fortinet
Fortinet has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Forval, Redpoint Ventures and Meritech Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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VC and incubation firm investing in geographies such as the US and China
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fortinet
Fortinet has strategically engaged in corporate development activities, having acquired 20 companies. Notable acquisitions include ALAXALA Networks, AccelOps and Bradford Networks. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud and AI-based application security testing solutions provider
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2019 | ||||
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AI-driven data security solutions are developed for cloud environments.
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2019 | ||||
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Data protection solutions are provided for organizational risk management.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fortinet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortinet Comparisons
Competitors of Fortinet
Fortinet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Palo Alto Networks, FireEye, IBM, Symantec and Cisco, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and cloud-based platforms are utilized for cybersecurity solutions.
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| domain | founded_year | HQ Location |
Provider of a platform offering a suite of cyber security solutions
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| domain | founded_year | HQ Location |
Hybrid cloud and DevOps automation are delivered to enterprises.
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| domain | founded_year | HQ Location |
Symantec is recognized for providing enterprise cloud cybersecurity solutions.
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| domain | founded_year | HQ Location |
AI and saas based cloud security solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortinet
Frequently Asked Questions about Fortinet
When was Fortinet founded?
Fortinet was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is Fortinet located?
Fortinet is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Fortinet a funded company?
Fortinet is a funded company, having raised a total of $54.2M across 4 funding rounds to date. The company's 1st funding round was a Series D of $30M, raised on May 01, 2002.
How many employees does Fortinet have?
As of Dec 31, 2024, the latest employee count at Fortinet is 14,140.
What is the annual revenue of Fortinet?
Annual revenue of Fortinet is $5.96B as on Dec 31, 2024.
What does Fortinet do?
The company was founded in 2000 and is headquartered in Sunnyvale, United States. Operations focus on the cybersecurity sector, with services encompassing secure networking, user and device protection, security operations, application security, and threat intelligence. Solutions for threat detection, response, and automated operations are delivered through an integrated platform, supporting various cloud and on-premises environments.
Who are the top competitors of Fortinet?
Fortinet's top competitors include Palo Alto Networks, Imperva and IBM.
Is Fortinet publicly traded?
Yes, Fortinet is publicly traded on NASDAQ under the ticker symbol FTNT.
How many acquisitions has Fortinet made?
Fortinet has made 20 acquisitions, including ALAXALA Networks, AccelOps, and Bradford Networks.
Who are Fortinet's investors?
Fortinet has 6 investors. Key investors include Forval, Redpoint Ventures, Meritech Capital, Acorn Campus, and DEFTA Partners.
What is Fortinet's ticker symbol?
The ticker symbol of Fortinet is FTNT on NASDAQ.
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