January 30, 2019 Off

Fortanix Raises $23M Led by Intel Capital to Meet Growing Global Demand for Runtime Encryption Solutions Protecting Cloud Data

By David
Fortanix Inc., the Runtime Encryption technology company, today announced that it has closed a $23 million Series B round of funding led by Intel Capital. Round participants included existing investors Foundation Capital and Neotribe. In addition, Sunil Kurkure, Director, Intel Capital, will join the Fortanix Board of Directors. The funding brings the company’s total funding to $31 million.

Fortanix is executing on its bold vision of helping solve today’s cloud security and data privacy problems. By helping to protect data in systems that might otherwise be experiencing vulnerabilities, Fortanix helps remove complex and intractable security challenges experienced with current solutions. Running applications in enclaves enables a new level of security on premise, in hybrid environments, and even on remote clouds, helping to protect data even when systems are compromised.