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Fortanix

company

About

Fortanix is a data-first, multicloud security company that delivers data protection solutions using runtime encryption.

Details

Last Funding Type
Series C
Last Funding Money Raised
$90M
Industries
Computer,Cyber Security,SaaS,Security
Founded date
Jul 1, 2016
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Fortanix, Inc.

Fortanix is building a new security category with its Runtime Encryption(R) technology using Intel SGX. Just like encryption today protects data at rest and data during motion, Runtime Encryption(R) keeps keys, data, and applications completely protected even when infrastructure has been compromised and even root users are malicious.

Fortanix's Self-Defending Key Management Service (SDKMS) is a next-generation cloud-native solution for your enterprise encryption needs. It offers key generation, management, distribution, encryption-as-a-service, HSM, KMIP, and tokenization all rolled in as a single product with the highest possible level of security and cloud scale. Available as both FIPS certified appliance and a globally available SaaS (with Equinix's strong SLA), SDKMS offers incredible simple central management, server-side load balancing, central tamper-proof logging, RESTful APIs, and Runtime Encryption(R) plugin to run custom code.

Fortanix's Runtime Encryption(R) Platform allows customers to bring any docker container and run them securely inside Intel SGX without any modification. It allows customers to share data with each other without losing control of the data, run analytics on sensitive data, run applications securely in the remote cloud, move PII-heavy sensitive data to the public cloud, etc.

Fortanix's Enclave Development Platform (EDP) allows customers to write Rust code to run natively as SGX enclaves. Supported by the mainline Rust compiler, developers find EDP as the easiest and the most secure way of developing new applications.

In a short time, Fortanix has developed a strategic partnership with Equinix and IBM cloud and counts multiple F50 companies as its customers. Fortanix is a Gartner Cool Vendor and also was runner-up in RSA Innovation Sandbox among 500+ security companies where judges called it the "holy grail of security". Fortanix has more than ten patents pending its innovation.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$135.25M
Fortanix has raised a total of $135.25M in funding over 2 rounds. Their latest funding was raised on Sep 12, 2022 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 12, 2022 Series C $90M 6 GS Growth Detail
Aug 12, 2021 Debt Financing $14.25M Detail
Jan 31, 2019 Series B $23M 1 Intel Capital Detail
Jun 14, 2017 Series A $8M 2 Detail
Jul 28, 2016 Seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
7
Fortanix is funded by 7 investors. GS Growth and Foundation Capital are the most recent investors.
Investor Name Lead Investor Funding Round
GS Growth Yes Series C
Foundation Capital Series C
GiantLeap Capital Series C
In-Q-Tel Series C
Intel Capital Series C
Neotribe Ventures Series C
Inspovation Ventures Seed

Employee Profiles

Number of Employee Profiles
16
Fortanix has 16 current employee profiles, including Advisor Professor Srini Devadas
Executive
Board member
Board member
Executive