Fortinet Remains a Cybersecurity Leader with AI Offerings

Leading cybersecurity company Fortinet unveils new FortiGate 200G Series to deliver cutting-edge performance and AI security services

Fortinet has committed itself to several new digital transformation initiatives in order to enhance its global cybersecurity posture.

The global cybersecurity leader has announced a new next-generation a new next-generation firewall (NGFW) appliance with the industry-leading security and networking performance needed to serve as the backbone of the modern campus. The FortiGate 200G series seeks to deliver increased firewall throughput, FortiGuard AI-Powered Security Services and 5GE ports for the new Wi-Fi 7 wireless standard.

Additionally, Fortinet has announced new updates to its generative AI (Gen AI) portfolio to enhance both network and security operations, including the industry’s first Gen AI IoT security assistant. 

Harnessing Gen AI to improve cyber defences

As the cybersecurity landscape continues to evolve, new threats emerge daily as threat actors grow more sophisticated. For enterprises to stay ahead of these attacks, they require innovative solutions that harness the most advanced technologies, including Gen AI.

Fortinet’s new offerings aim to enable businesses to better support and secure their data-rich traffic and cloud-based applications within campus environments. Through this initiative, Fortinet is keen to highlight how organisations have shifted from a centralised network model to a decentralised one, where processing and decision-making happen closer to the edge.

As a result, businesses need infrastructure that can handle increasing amounts of data and support bandwidth-heavy applications and IoT devices outside the central hub.

The FortiGate 200G series was built to deliver high-performing networking and security capabilities. It leverages Fortinet ASIC, SP5 to deliver throughput and enhance operational efficiency, in addition to empowering organisations to increase their security posture.

“Networks are growing in complexity and scope, and they require high performance and advanced security at the edge,” says John Maddison, Chief Marketing Officer at Fortinet. “We designed the FortiGate 200G series to serve as a new approach for perimeter security with the computing power and AI-enhanced protections enterprises need within the campus. 

“Built on our latest proprietary ASIC, the SP5, this new next-gen firewall will empower customers to meet evolving business needs, mitigate risk, and ensure a positive user experience.”

More broadly, FortiAI uses Gen AI to assist security teams to make better decisions, rapidly respond to threats and save time on even the most complex tasks.

Improving global cybersecurity posture

Fortinet continues to be a leading company across the cybersecurity sector. Having been founded in 2000 by sibling duo Ken Xie and Michael Xie, the company has fast become a powerhouse in the industry and holds more than 730,000 customers who rely on its solutions to improve their digital defence strategies.

The company recently published its first quarter 2024 financial results, which revealed its total revenue of US$1.35bn - up 7% year-over-year.

Q1 2024 financial results also revealed:
  • Service revenue of US$944m, up 24% year over year
  • GAAP operating margin of 23.7%
  • Non-GAAP operating margin of 28.5%
  • Cash flow from operations of US$830m
  • Free cash flow of US$609m

The company has also embarked upon several sustainability-focused initiatives over the past year, which includes joining the UN Global Compact to protect human rights. Moving forward, Fortinet is looking to submit its decarbonisation blueprint to the Science-Based Targets initiative for validation.

“Our dedication to sustainability is pivotal in addressing today's societal challenges while fortifying the long-term prosperity and resilience of our business,” says Ken Xie, Founder, Chairman and CEO of Fortinet.

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