DFJ leads funding round in Forward Networks

Palo Alto, California-based Forward Networks, which provides a platform to manage network operations, announced it has raised $16 million in a Series B round of funding. DFJ led the round, which included existing investors Andreessen Horowitz and A.Capital Ventures. The company was co-founded in 2013 by Chief Executive David Erickson, a software-defined networking, and has now raised more than $27 million in total funding. As part of the latest round, DFJ Partner Andreas Stavropoulos has joined the board.