Companies · Other Technology

ForgeRock, Inc.

SAN FRANCISCO · Other Technology

Diligence memoA one-page analyst read on ForgeRock, Inc. — recommendation, valuation, rhythm, risks.
$202.8M
Total raised · real
4
Rounds
1.1×
Latest step-up
Top 2%
Sector rank · raised
Series C
Latest stage · inferred · Mon Apr 06 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

ForgeRock, Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.01× the median modeled value of Series C Other Technology companies in 2019–2021 (203 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

ForgeRock, Inc. is one of 21302 Other Technology companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
12
Investors (latest)
2020-04-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries A · 2012-02-24 Raised $7.0M (real) Modeled valuation $194M (est)$7.0M$194MSeries A2012Series B · 2013-03-29 Raised $15M (real) Modeled valuation $462M (est)$15M$462MSeries B2013Series C · 2017-08-21 Raised $88M (real) Modeled valuation $2.8B (est)$88M$2.8BSeries C2017Series C · 2020-04-06 Raised $93M (real) Modeled valuation $2.9B (est)$93M$2.9BSeries C2020+$15M+$88M+$93MCumulative $203M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$7.0M · 2012
Series B$15.2M · 2013
Series C$88.1M · 2017
Series C extension$92.5M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$2.9B
Base estimate est.
$350.6M
Conservative case
$7.7B
Upside case
$616.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $194.2M · 2012-02-242012Series B · modeled $461.9M · 2013-03-29Series C · modeled $2.8B · 2017-08-21Series C · modeled $2.9B · 2020-04-062020
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
6.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
32 mo
Avg between rounds
$25.0M/yr
Capital velocity
14.4 yr
On record since
2012
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 64× above median
This company$202.8M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.9× above median
This company$92.5M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 78× above median
This company$2.9B
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #9 of 203.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Aldol · Series C Raised $100.0M · modeled $3.1B (est)Mark Miner,INC · Series C Raised $100.0M · modeled $3.1B (est)Aoex, Llc · Series C Raised $100.0M · modeled $3.1B (est)aidol, LLC · Series C Raised $100.0M · modeled $3.1B (est)vtoken, llc · Series C Raised $100.0M · modeled $3.1B (est)Singapore Orta Foundation Ltd. · Series C Raised $100.0M · modeled $3.1B (est)Sinoc INC · Series C Raised $100.0M · modeled $3.1B (est)Smartrent.Com, Inc. · Series C Raised $132.1M · modeled $3.0B (est)Lime Light Holding Company, LLC · Series C Raised $91.0M · modeled $2.9B (est)Goweb Token Ltd · Series C Raised $90.0M · modeled $2.8B (est)Hykso Inc. · Series C Raised $89.6M · modeled $2.8B (est)ForgeRock, Inc. (this company) Raised $202.8M · modeled $2.9B (est)ForgeRock, Inc.
CompanyStageRaised · realValue · estvs peer med.
AldolSeries C$100.0M$3.1B2.17×
Mark Miner,INCSeries C$100.0M$3.1B2.17×
Aoex, LlcSeries C$100.0M$3.1B2.17×
aidol, LLCSeries C$100.0M$3.1B2.17×
vtoken, llcSeries C$100.0M$3.1B2.17×
Singapore Orta Foundation Ltd.Series C$100.0M$3.1B2.17×
Sinoc INCSeries C$100.0M$3.1B2.17×
Smartrent.Com, Inc.Series C$132.1M$3.0B2.09×
ForgeRock, Inc. this companySeries C$202.8M$2.9B2.01×
Lime Light Holding Company, LLCSeries C$91.0M$2.9B1.98×
Goweb Token LtdSeries C$90.0M$2.8B1.96×
Hykso Inc.Series C$89.6M$2.8B1.95×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$7.0M2012-02-24$31.8M$194.2M85%
Series B$15.2M2013-03-29$84.3M$461.9M85%
Series C$88.1M2017-08-21$587.1M$2.8B90%
Series C$92.5M2020-04-06$616.9M$2.9B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$7.0M2012-02-24
    • First recorded raise — entered as Series A.
    • 2 investors on this round.
  2. Series B$15.2M2013-03-29
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Series C$88.1M2017-08-21
    • Raised again after 53 mo — slower than the ~13 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 10 investors on this round.
  4. Series C$92.5M2020-04-06
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~32mo cadence
$97.2M
Modeled next size est.range $92.5M$155.5M
1.1×
Last step-up
$25.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Paul Madera10 other2017-08
Warren Weiss9 other2013-03
Jeff Parks6 other2020-04
Michael Ellis6 other2013-03
David DeWalt5 other2017-08
Arun Mathew4 other2017-08
Bruce Golden4 other2013-03
Alex Ott3 other2013-03
Dave Welsh2017-08
Frank Pisciuneri2013-03
Fran Rosch2020-04
Jonathan Scudder2012-02
Lasse Andresen2012-02
Maria Walker2020-04
Steven Ferris2012-02
Registry & provenance

ForgeRock, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1543916
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Trufa Inc.Other TechnologySeries A$12.3M$10.2Mnetwork3 shared operators · same sector
Visier, Inc.Other TechnologySeries C$180.5M$2.1Bnetwork1 shared operator · same sector · same stage
Filevine, Inc.Other TechnologySeries C$131.2M$2.0Bnetwork1 shared operator · same sector · same stage
Tegile Systems, Inc.Other TechnologySeries C$124.5M$754.0Mnetwork1 shared operator · same sector · same stage
Rumble Inc.Other TechnologySeries C$91.9M$117.6Mnetwork1 shared operator · same sector · same stage
iboss, Inc.Other TechnologySeries C$85.0M$1.4Bnetwork1 shared operator · same sector · same stage
Kinetica DB, Inc.Other TechnologySeries C$77.5M$439.3Mnetwork1 shared operator · same sector · same stage
Forescout Technologies, IncOther TechnologySeries C$75.4M$2.4Bnetwork1 shared operator · same sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Sprockets, Inc.Other TechnologySeries A$139.1M88%
LogRock Inc.Other TechnologySeries A$28.5M88%
Sprocket, Inc.Other TechnologyPre-Seed$12.7M87%
WizRocket Inc.Other TechnologySeries C$1.3B86%
Council Rock Enterprises, Inc.Other TechnologySeries A$106.9M86%
Forge Nano, Inc.Other TechnologySeries C$657.5M85%
Sportsrocket, Inc.Other TechnologySeries B$135.4M85%
Forge Technology, IncSoftware / TechSeries B$37.4M84%
Frequently asked
How much funding has ForgeRock, Inc. raised?
ForgeRock, Inc. has raised approximately $202.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is ForgeRock, Inc.'s estimated valuation?
Provath's modeled valuation for ForgeRock, Inc. is approximately $2.9B (modeled range $350.6M–$7.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ForgeRock, Inc. at?
ForgeRock, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Apr 06.
What does ForgeRock, Inc. do and where is it based?
ForgeRock, Inc. operates in the Other Technology sector, based in SAN FRANCISCO.
Explore related

See where ForgeRock, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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