Fortinet

IPO

The cybersecurity platform for the AI era

Employees
10001+
Founded
2000
Business Model
B2B
Last Round
Series DAug 2003
Rounds
2
Type
Public

About

Fortinet (NASDAQ: FTNT) is an American publicly traded cybersecurity company headquartered in Sunnyvale, California, founded in 2000 by brothers Ken Xie and Michael Xie. The company develops and sells its Security Fabric platform — an integrated suite of network security products including the FortiGate next-generation firewall, FortiSIEM, FortiEDR endpoint detection, FortiClient, FortiSwitch, and FortiAP wireless access points. Fortinet uses proprietary application-specific integrated circuit (ASIC) technology to deliver high-performance security at scale. The company went public on NASDAQ in November 2009, and as of 2024 generates approximately $5.96 billion in annual revenue with 14,138 employees worldwide. Fortinet serves enterprises, service providers, and government entities across network security, cloud security, SD-WAN, and OT/IoT security segments, and founded the Cyber Threat Alliance alongside Palo Alto Networks.

Tech & App Stack

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Funding History

IPONov 2009
$156.3M

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