Network assurance and intent-based network verification vendor Forward Networks has raised $35 million in a Series C round of funding.
Forward Networks said the investment round would go toward expanding its sales and marketing teams into new regions and to fund additional R&D activities.
The funding round was led by Goldman Sachs, which is also one of Forward Networks' customers, along with participation from existing investors Andreessen Horowitz, Threshold Ventures and A. Capital.
Telecom network operators are investing in new software and hardware to create faster, more complex networks, but with added complexity comes added vulnerability. Software that automates network management and reduces downtime is extremely valuable to operators, and as networks become more heterogeneous, hardware-agnostic software is generating strong interest across industries.
Those are the issues driving Forward Networks, a Silicon Valley startup founded to help telecom operators cut costs and reduce risk. Conceived by a foursome of Stanford PhD.s, Forward Networks creates algorithms to help operators see and understand the behavior of enterprise networks. The company just announced a $35 million Series C funding round led by Goldman Sachs.