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Fortanix - Series C
Overview
Funding Date
September 15, 2022
Financing amount
$90M
Valuation
--
Catagory
Subcategory
About Fortanix - Series C
Fortanix® Inc., the data-first multicloud security company and the pioneer of Confidential Computing, today announced $90 million in Series C financing bringing the total amount the company has raised to over $122 million. The round was led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) with participation from GiantLeap Capital as well as the existing investors Foundation Capital, Intel Capital, Neotribe Ventures, and In-Q-Tel. Soumya Rajamani, Vice President at Goldman Sachs, will join Fortanix's board of directors.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1869 | 22 | gs-investor-relations@gs.com | ||
| Corporate | United States of America | 2019 | 1 | -- | ||
| Fund | United States of America | 1995 | 17 | info@foundationcapital.com | ||
| Corporate | United States of America | 1999 | 2 | -- | ||
| Corporate | United States of America | 1991 | 5 | Intel.Capital@intel.com | ||
| Fund | United States of America | 2017 | 4 | -- |
Founders & Team
Ambuj Kumar
Company Profile / Project Introduction
Fortanix is a data-first multi-cloud security company and a pioneer in Confidential Computing. Today, data is spread across clouds, SaaS, applications, storage systems and data centers. Fortanix decouples security from infrastructure to address the challenges of securing sensitive data, wherever it may be located, across its entire life cycle, whether it is at-rest, in-motion or in-use. Fortanix customers include organizations of all sizes and a wide range of verticals, including some of the biggest global brands and Fortune 50 companies. Fortanix is a founding member of the Confidential Computing Consortium and has a strong ecosystem of strategic partners including Intel, Microsoft, AWS, Google, Snowflake and ServiceNow. Fortanix has been a recipient of many industry awards and recognitions including Gartner Cool Vendor.
Cybersecurity startup Fortanix Inc. is rolling out two new software tools designed to protect blockchain users' digital assets from hacking and prevent erroneous transactions. Fortanix carries out the two-factor authentication process in a so-called trusted execution environment. A trusted execution environment is an isolated section of a server's memory that is accessible only to a specific application. Other applications running on the same server, administrators and even the server’s operating system can't access the isolated memory.