First it was Bradford Networks announcing they had raised another 8 million dollars in venture funding to help them break out beyond the edu market. Now comes word that Forescout has raised a like amount amount of additional capital. This was based upon a 80% growth rate for Forescout. This is well below the numbers I have seen Ray, Ken and Gordon throw about in interviews and at presentations. I guess you can spin all you want about how many customers you have or have won, but when it comes to raising cash, you can't play as fast and loose as you do in your marketing.
Also this is a series E round for Forescout and brings their total raise to 44 million dollars. That makes for a tough number to make work. They need to roll some hard ways to make that bet pay off. I was led to understand they just raised 6 million last September. That makes 14 million in a little under a year. Can you spell big B-U-R-N.
The thing about both of these raises is that in the present market, just like the gas you put in your own tank, the gas these NAC vendors are putting in their tank is I am sure quite expensive!






