# Fortisphere

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

- Industry: Software
- Headquarters: Reston, US
- Website: fortisphere.com
- Total disclosed funding: $10M
- Latest round: Series A (Nov 19, 2007)
- Investors on record: 2

## About

Fortisphere is dedicated to modernizing business operations with AI and automation solutions. Their flagship platform, Solcoro, empowers organizations to swiftly optimize their SaaS environments for better security, usage, and configuration insights.Fortisphere specializes in providing AI-driven solutions for businesses, focusing on optimizing SaaS platforms. Founded in Reston, US, the company was involved in a notable transaction in 2010 when Red Hat acquired specific intellectual property assets from them. The firm has successfully engaged in 2 deals, with the latest funding round being a Series A that raised USD 10.00 mn from investors Fairhaven Capital and Globespan Capital Partners, bringing the total amount raised to USD 10.00 mn.Fortisphere offers a comprehensive suite of products and services aimed at modernizing business operations through artificial intelligence and automation. Their core product, Solcoro, is an AI-powered Systems of Work optimization platform, designed to provide organizations with swift insights into their SaaS platforms, evaluating security, usage, and configuration. This product allows users to gain actionable insights in minutes rather than weeks, addressing key operational challenges faced by businesses in the APAC region. Fortisphere's services include strategic advisory, partnering with leadership teams to identify AI opportunities and support digital transformation initiatives, primarily targeting the Asia-Pacific market.Fortisphere generates revenue through a structured transaction model that includes partnerships and subscription-based services. The company primarily engages with clients on a B2B basis, providing tailored solutions that align with their operational needs. Clients subscribe to the Solcoro platform, which offers ongoing access to its optimization features and insights. Revenue is derived from subscription fees as well as consulting fees associated with their strategic advisory services, fostering long-term client relationships and recurring revenue streams.Fortisphere's growth strategy includes launching upcoming products designed to enhance their service offerings, with timelines for release yet to be detailed. They plan to expand their market presence in the Asia-Pacific region to further solidify their client base. The recent Series A funding of USD 10.00 mn will support these initiatives, particularly in product development and market expansion efforts, as they continue to enhance their service delivery and operational efficiency.

## Funding rounds

- Series A, Nov 19, 2007, $10M — Globespan Capital Partners, Fairhaven Capital

## Investors

- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series A
- Fairhaven Capital (https://capitalatlas.ai/funds/fairhaven-capital) — Series A