Forum Systems
Latest round
- Series B
Last raised
- Sep 2003
Total raised
- $18M
Investors
- 2
About Forum Systems
Forum Systems, Inc. specializes in API management and security solutions through Forum Sentry. Founded in Newton, US, the company has undergone strategic pivots to enhance its service offerings.Forum Systems specializes in providing advanced API Gateway technology, primarily through its flagship product, Forum Sentry. This comprehensive solution integrates various features, including API management, API security, multi-factor authentication, continuous authentication, single sign-on (SSO), and zero trust policy enforcement. The architecture is designed to enable seamless integration and transformation of applications, allowing enterprises to modernize their infrastructures without requiring extensive coding. Forum Sentry has been deployed successfully across both cloud and on-premise environments, serving a diverse clientele in sectors such as healthcare, government, and commercial enterprises worldwide. Notable customers include Blue Cross Blue Shield Michigan, which has utilized Forum Systems' technology for cost reduction and efficiency improvements.Forum Systems generates revenue primarily through subscription-based models and perpetual licensing of its Forum Sentry product. Clients typically enter into agreements that provide access to the API Gateway's suite of features, with pricing structured to accommodate various deployment needs, such as cloud-based, on-premise, or hybrid solutions. The revenue model includes options for annual subscriptions that grant customers unlimited access to the platform's functionalities, as well as one-time payments for perpetual licenses accompanied by yearly support. Transactions within the business commonly occur through direct B2B engagements, where enterprises partner with Forum Systems to enhance their API security and management frameworks. Upcoming enhancements to Forum Sentry are designed to include advanced analytics and enhanced security features, with a targeted release date in the next 12 months.
Who invested in Forum Systems
2 investors across 1 round
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Funding rounds
Series B
Sep 23, 2003
Amount
$18M
Investors
Questions about Forum Systems
Who invested in Forum Systems?
Forum Systems has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Forum Systems raised?
Forum Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Forum Systems last raise money?
Forum Systems's most recent round on record is a Series B, in Sep 2003.
What does Forum Systems do?
Forum Systems is a it security/cybersecurity company.
Where is Forum Systems headquartered?
Forum Systems is headquartered in Newton, US.
Which VCs invest in companies like Forum Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it security/cybersecurity companies at Forum Systems's stage. Their profiles are linked below.
VCs backing it security/cybersecurity startups at Series B
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