The ForgePoint team has over 80 years of combined experience connecting entrepreneurs, corporate and government customers, strategic partners, advisors, and executives to build the next generation of companies that protect the digital world.
Verituity, the verified digital payments platform that modernizes banks treasury services and connects banks, payers and payees to first-time and on-time digital payouts experiences, announces the closing of a $10 million Series A funding co-led by ForgePoint Capital and Ardent Venture Partners. Verituity plans to use the funds to expand its go to market efforts and enhance its cloud-based verified digital payout platform. Don Dixon, Managing Director at ForgePoint Capital, and Phil Bronner, Co-founder and General Partner at Ardent Venture Partners, will join Verituity’s board of directors.
Huntress, a SaaS-based managed detection and response (MDR) provider for managed service providers (MSPs) and value-added resellers (VARs), announced a $40 million Series B round of financing led by JMI Equity. Existing investors, ForgePoint Capital and Gula Tech Adventures, also participated in the round.
DeepSee.ai, the leader in AI-powered Knowledge Process Automation, announced it has closed $22.6 million in Series A funding led by ForgePoint Capital. DeepSee’s total funding to date is now $30.7 million. The series A funds will be used to accelerate product development and expand the platform beyond the capital markets and insurance verticals. Sean Cunningham, Managing Director of ForgePoint Capital will join the DeepSee Board of Directors.
SPHERE, a woman-owned cybersecurity business focused on providing best-of-breed software and services for access governance across data, platforms and applications, announced a $10 million series A round led by ForgePoint Capital. Don Dixon and Will Lin, Managing Directors at ForgePoint Capital, will join SPHERE’s board of directors.
1Kosmos, the only cybersecurity solution to provide digital identity proofing and passwordless authentication, announced a $15 million investment from ForgePoint Capital, the premier venture investor for early-stage cybersecurity companies. With the closing of this funding round, 1Kosmos comes out of stealth mode to offer a unique security platform that brings the highest identity and authentication assurance levels through advanced biometrics and a private blockchain ecosystem.
ForgePoint Capital, with $770 million under management, has emerged as the most active sector-focused cybersecurity venture investor year-to-date according to PitchBook data. Since the beginning of the year, the firm has led investments totaling $75M in new companies, added three new investment professionals, and invested $37.8M in follow-on funding rounds.
ForgePoint’s Cybersecurity Advisory Council is unmatched in the industry. Built and carefully maintained for decades, the council provides a unique source of investment and company-building opportunities for our portfolio.