When was Fortinet founded?

Fortinet was founded in 2000 and raised its 1st funding round 2 years after it was founded.

Where is Fortinet located?

Fortinet is headquartered in Sunnyvale, United States.

Who is the current CEO of Fortinet?

Ken Xie of Fortinet. They have also founded 2 companies.

How many employees does Fortinet have?

As of Aug 31, 2026, the latest employee count at Fortinet is 16590.

Is Fortinet a funded company?

Fortinet is a funded company, having raised a total of $39M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 2002.

When was the latest funding round of Fortinet?

Fortinet's latest funding was a $***** Venture Debt round on Mar 02, 2004, with participation from 4 investors.

What is the annual revenue of Fortinet?

Annual revenue of Fortinet is more than $1B as on Dec 31, 2025

Where does Fortinet rank among its competitors?

Fortinet ranks 1st amongst 494 active competitors, of which 15 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Cato Networks, which secured $50M in Sep, 2025.

Who are the top competitors of Fortinet?

Fortinet's top competitors include Zscaler, Netskope and Check Point Software. Among them, Cato Networks secured the most recent funding round in September, 2025.

Fortinet - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of cybersecurity solutions, services, and threat intelligence for enterprises. It offers a platform delivering network and cloud security, unified SASE, and security operations. The company provides services such as incident response, managed detection, and security awareness training. It also delivers operational technology security, including secure networking and ruggedized products.

Website: www.fortinet.com/
Social

Key Metrics

Founded Year

2000

Location

Sunnyvale, United States

Stage

Acquired

Total Funding

$39M in 3 rounds

Latest Funding Round

Venture Debt, Mar 02, 2004, $*****

Investors

Meritech & 17 more

Ranked

1^st among 494 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

16,590 as on Aug 31, 2026

Investment & Acquisitions

Virtue AI & 26 more

Similar Companies

Netskope & 483 more

Exit Details

Acquired by Virtue AI (Aug 17, 2026)

View Fortinet's full profile

Fortinet is associated with 7 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FORTINET HOLDING LLC CIN: 22.304.225/0001-74 , Brazil, Active	Apr 22, 2015	-	-	-
FORTINET, INC. CIN: 644614 , United States, Active	Oct 14, 2020	-	-	-
FORTINET FEDERAL, INC CIN: 32087701556 , United States, Active	May 19, 2023	-	-	-
Fortinet Denmark ApS CIN: 40875344 , Denmark, Active	Oct 16, 2019	-	-
FORTINET INC CIN: 1262039 , United States, Active	Nov 27, 2000	$1B+ (As on Dec 31, 2025)	-	-
FORTINET INNOVATION CENTRE INDIA PRIVATE LIMITED CIN: U64202KA2003PTC032742 , India, Amalgamated	Oct 16, 2003	₹50 - ₹100 Cr (As on Mar 31, 2017)	-
FORTINET TECHNOLOGIES INDIA PRIVATE LIMITED CIN: U51909KA2008PTC046691 , India, Active	Jun 06, 2008	₹100 - ₹500 Cr (As on Mar 31, 2024)	746 (As on Aug 01, 2025)

Fortinet got acquired by Virtue AI on Aug 17, 2026.

Click here to take a look at Fortinet's acquisition in detail

Fortinet has raised a total funding of $39M over 3 rounds. Its first funding round was on May 2002. Its latest funding round was a Venture Debt round on Mar 02, 2004 for $*****. 4 investors participated in its latest round. Fortinet has 18 institutional investors.

Here is the list of recent funding rounds of Fortinet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 02, 2004	7432298	Venture Debt	6489443	7068417	3125556	7256700
Aug 26, 2003	4033253	Series D	4261348	7009619	1622595	Redpoint Ventures & 1 more
May 2002	6430930	Series A	6215428	6386441	2435877	DEFTA Partners & 1 more

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View details of Fortinet's funding rounds and investors

The founders of Fortinet are Ken Xie, Michael Xie and Abida Nikam.

Here are the details of Fortinet's key team members:

Ken Xie: Co-Founder & CEO of Fortinet and founder of 2 other companies, Fortinet and FortiCloud.
Contact Info: 1 email address and 1 phone number
Michael Xie: Co-Founder & CTO of Fortinet and founder of 2 other companies, Fortinet and FortiCloud.
Abida Nikam: Co-Founder of Fortinet.

View details of Fortinet's Founder profiles and Board Members

Fortinet's employee count trend

Fortinet has 16,590 employees as of Aug 26. Here is Fortinet's employee count trend over the years:

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Top competitors of Fortinet include Zscaler, Netskope and Check Point Software. Here is the list of Top 10 competitors of Fortinet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fortinet 2000, Sunnyvale (United States), Acquired	Provider of cybersecurity solutions, services, and threat intelligence for enterprises	$39M	Meritech, ForgePoint Capital & 16 others	83/100
2nd	Zscaler 2007, San Jose (United States), Public	Provider of cloud-based security solutions for enterprise zero trust architecture	$148M	Lightspeed Venture Partners, CapitalG & 16 others	82/100
3rd	Netskope 2012, Santa Clara (United States), Public	Cloud security platform for enterprises	$1.44B	Lightspeed Venture Partners, Accel & 35 others	79/100
4th	Check Point Software 1993, San Carlos (United States), Public	Provider of cyber security solutions for networks, SASE, and cloud	-	Herald Investment Management, USVP & 7 others	78/100
5th	Cato Networks 2015, Tel Aviv (Israel), Series G	Provider of converged network security solutions with threat prevention capabilities	$1.16B	Lightspeed Venture Partners, Vitruvian Partners ... & 17 others	75/100
6th	Aryaka 2009, Santa Clara (United States), Series F	Provider of unified secure access service edge and software-defined wide area network	$192M	Nexus Venture Partners, Goldman Sachs & 9 others	72/100
7th	Gigamon 2004, Santa Clara (United States), Acquired	Provider of deep observability pipeline for hybrid cloud infrastructure management	$22.8M	Siris Capital, Highland Capital Partners & 1 others	71/100
8th	WatchGuard 1996, Seattle (United States), Acquired	Provider of network, endpoint, identity, and data security solutions	-	Chiratae Ventures, RRE Ventures & 8 others	68/100
9th	Zayo 2007, Boulder (United States), Acquired	Provider of fiber transport and network connectivity and managed services	$825M	Charlesbank Capital Partners, GTCR & 24 others	67/100
10th	Versa Networks 2012, Cupertino (United States), Series D	Provider of secure access service edge (SASE) and SD-WAN solutions	$316M	Princeville Capital, Sequoia Capital & 11 others	64/100

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Fortinet has made 6 investments in companies including Linksys and HyTrust. Fortinet has also acquired 21 companies including Virtue AI and Suridata.ai.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 17, 2026	Acquisition	Virtue AI	2014	San Francisco (United States)
May 22, 2025	Acquisition	Suridata.ai	2019	Tel Aviv (Israel)
Dec 12, 2024	Acquisition	Perception Point	2015	Tel Aviv (Israel)