Fortanix raises $23 million in funding for cloud security and encryption
Fortanix, a cloud security company, announced Wednesday that it raised $23 million in a Series B funding round led by Intel Capital with participation from past investors Foundation Capital and Neotribe. The company offers two main platforms that are meant to protect the data clients use and the various keys they need to run their applications. The products are aimed at enterprises that rely on cloud services for their infrastructure and containerization to run their applications. Intel Capital’s director, Sunil Kurkure, is joining the Fortanix’s board of directors as part of the deal. The company’s Self-Defending Key Management Service is designed to protect the sensitive information customers needed to run their systems securely, like cryptographic data, API keys, passwords, tokens and others. The Runtime Encryption platform is meant to protect data while it’s in-use “in untrusted environments such as the public cloud and remote clouds.” “Fortanix uniquely helps protect encryption keys, databases, machine learning algorithms, and containers to help secure organizations’ data […]
The post Fortanix raises $23 million in funding for cloud security and encryption appeared first on CyberScoop.
Continue reading Fortanix raises $23 million in funding for cloud security and encryption
Intel Capital, the investment arm of the processor giant, is today announcing its latest tranche of investments, a total of nearly $60 million going in to 15 startups that are working on solving different problems in the bigger area of big data (with a full rundown below). The investments come on the back of a big year for the group: In 2017 so far, Intel says that it’s invested $566… 
As computer vision and object recognition technology continue to mature, we’re edging closer to automating away the exceedingly boring task of monitoring closed circuit TV cameras. Matroid is one of the startups leading the democratization of this variety of machine intelligence. The company is announcing a $10 million Series A this morning from NEA and Intel Capital that brings… 
Sigfox, the IoT company based out of France that is building a dedicated, global network to connect, monitor and control devices like smart home alarms, machinery, refrigerators and city streetlights, today confirmed that has closed its latest round of funding, a Series E round of €150 million ($160 million). We broke the news of this round in October, noting it was likely to be…