Fortanix, Inc., a Mountain View, CA-based data-first multicloud security company and pioneer of Confidential Computing, raised $90m in Series C financing.
The round, which brought the total amount the company has raised to over $122m, was led by the Growth Equity business within Goldman Sachs Asset Management 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.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Ambuj Kumar, Fortanix secures data to help businesses of all sizes to modernize their security solutions on-premises, in the cloud and everywhere in-between. It further allows organizations to credibly conform to privacy laws and regulatory requirements globally including GDPR, Schrems II, HIPAA, PCI, ITAR and several others. Enterprises worldwide, especially in privacy-sensitive industries like healthcare, fintech, financial services, government, and retail, use it for data security, privacy and compliance.
FinSMEs
15/09/2022