Last year, only 40 VC-backed US startups went public. This was the lowest number since 2009. The volatile public market at the beginning of the year forced several startups to delay their IPO plans. One of them was cyber security Billion Dollar Unicorn ForeScout. But it has recently filed confidentially for an IPO. 

ForeScout’s Offerings

Campbell, California-based ForeScout was founded in 2000 by Israeli entrepreneurs Oded Comay, Doron Shikmoni, Hezy Yeshurun, and Dror Comay. It offers a unique platform that allows organizations to see devices, including non-traditional devices such as Internet of Things (IoT) devices and Bring Your Own Device (BYOD) endpoints, when they connect to the network.

Its proprietary ForeScout CounterACT platform allows them to manage these devices’ information sharing and operations and accelerate incident response. It continuously scans the network and monitors the activity of every device and instead of just flagging violations and alerting the IT team, CounterACT allows organizations to automate and enforce a comprehensive range of policy-based controls for network access, endpoint compliance, and mobile device security.

Unlike traditional security solutions, CounterACT does not require any software installation or previous device knowledge to enforce security. It is able to integrate with other network, security, mobility, and IT management products to ensure that security is not delivered in silos. It automates workflows and enables cost savings.

ForeScout recently announced an integrated tool in collaboration with Splunk to bring a new level of security visibility to IoT devices. Called The ForeScout Extended Module for Splunk, the new tool allows two-way communication between the ForeScout CounterACT tool and Splunk Enterprise or Splunk Enterprise Security (Splunk ES) so as to find issues faster and minimize possible damage.

ForeScout’s Financials

Last month, ForeScout filed confidentially for an IPO and it is filed confidentially for an IPO. It has submitted its S-1 under the JOBS Act and will be unveiling it to the public closer to its debut.