Fortanix, a late-stage startup from Silicon Valley, has secured USD 90 million in new funding to strengthen its position in the confidential computing and data protection industries. Goldman Sachs Asset Management, according to Fortanix, took the lead in the USD 90 million Series C round.
Along with previous backers Foundation Capital, Intel Capital, Neotribe Ventures, and In-Q-Tel, GiantLeap Capital joined as a new investor. The Mountain View, California company, which offers Intel SGX-based data encryption technology, has raised a total of USD 135 million since its launch in 2016. The company said in a note announcing the new financing, “The funding builds upon the significant and sustained growth Fortanix has experienced despite the pandemic and the recent macro-economic conditions.”
According to Fortanix, the method enables organizations to credibly comply with privacy laws and regulatory requirements.