Data security startup Fortanix Inc. raised $90 million from backers led by a Goldman Sachs Group Inc. fund, as cybersecurity companies attract investor interest despite a cooling venture financing market.
The Mountain View-based company’s Series C round was fronted by Goldman Sachs Growth Equity, with participation from Giantleap Capital and existing investors including Intel Capital, the startup said in a statement. Soumya Rajamani from the Goldman Sachs fund will join Fortanix’s board.
The capital will help Fortanix expand its product suite used by more than 125 customers from Google and PayPal Inc. to government agencies including the US Department of Justice. Its business has grown more than 500% over the past three years on demand from customers in Europe, Asia and the US, the company said.
Read more: BNN Bloomberg
