# Fortanix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fortanix

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.fortanix.com
- Total disclosed funding: $112M
- Latest round: Series C (Jul 27, 2022)
- Investors on record: 6

## About

Fortanix Inc. specializes in data security solutions, offering innovative encryption and tokenization services that empower organizations to manage sensitive data securely in a rapidly evolving technological landscape.Founded in 2016 and headquartered in Mountain View, US, Fortanix Inc. provides advanced data protection solutions. The company was co-founded by Ambuj Kumar and Anand Kashyap, who have a history in technology entrepreneurship. Fortanix has completed 6 funding deals, with its latest being a Series C round on July 27, 2022, raising USD 82.00 mn led by Goldman Sachs Merchant Banking Division. The total amount raised by the company stands at USD 82.00 mn, with a current valuation of USD 413.036 mn.Fortanix provides a comprehensive data security platform designed to transform traditional data protection practices, enabling enterprises to securely manage their data in an increasingly AI-driven landscape. The core offerings revolve around encryption and tokenization solutions that protect data at-rest, in-transit, and in-use, thereby addressing critical vulnerabilities across multicloud and on-premises environments. Their flagship products include the Data Security Manager, Confidential Computing Manager, and Armet AI, which cater to a wide array of industries such as healthcare, banking, financial services, manufacturing, and federal government. Fortanix serves a diverse client base, including notable organizations like Goldman Sachs and UCSF, and operates in key geographical markets including the United States, Europe, India, and Singapore. The platform aims to facilitate regulatory compliance and secure innovation, ensuring that enterprises can confidently manage sensitive data while mitigating risks associated with data breaches.Fortanix's revenue model is predominantly subscription-based, allowing clients to access their data security solutions through various tiers of service packages tailored to their specific operational needs. The company’s transactions typically involve partnerships and direct business-to-business (B2B) engagements, wherein organizations subscribe to the platform's offerings to enhance their data security postures. Clients may engage in annual contracts that encompass a combination of products, such as runtime encryption and enterprise key management solutions, providing comprehensive coverage for their data assets. Pricing structures are established based on the complexity and scale of the services utilized, ensuring that organizations can select the appropriate level of support and functionality they require. Fortanix’s innovative approach to confidential computing and data management reinforces its position as a vital partner for businesses aiming to safeguard their sensitive information efficiently. In September 2025, Fortanix Inc. raised USD 31 million in venture funding from returning investors Intel Capital, Foundation Capital, and NeoTribe Ventures. The company will use the September 2025 funding to develop secure data systems, expand chip production for servers, and hire researchers across the US, China, and India.

## Funding rounds

- Series C, Jul 27, 2022, $82M — Foundation Capital, Intel Capital, Goldman Sachs Asset Management, In-Q-Tel, NeoTribe Ventures, Giantleap Capital
- Series B, Nov 29, 2018, $22M — Foundation Capital, Intel Capital, NeoTribe Ventures
- Series A, May 2, 2017, $8.1M — Foundation Capital, NeoTribe Ventures

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A, Series B, Series C
- NeoTribe Ventures (https://capitalatlas.ai/funds/neotribe-ventures) — Series A, Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series C
- Giantleap Capital (https://capitalatlas.ai/funds/giantleap-capital) — Series C