Security Experts:

Fortress Raises $125 Million to Secure Critical Industry Supply Chains

Fortress Information Security on Tuesday announced raising $125 million from Goldman Sachs, an investment that it plans on using to help critical industry operators and government agencies secure their supply chains.

The company previously raised roughly $40 million in several funding rounds between 2015 and 2020.

In addition to the new funding from Goldman Sachs Asset Management, Fortress says it continues to receive support from previous investors.

Fortress has developed a platform designed to help organizations in critical industries assess, manage and address supply chain risks associated with software, assets and vendors.

The solution was developed in collaboration with electric utilities and the company claims it’s now being used to secure 40% of the United States’ power grid.

“Supply chain cybersecurity is one of the most important challenges facing business and government leaders today. Supply chains represent a source of significant threats to the national economy and our ability to maintain our way of life,” said Peter Kassabov, executive chairman and co-founder of Fortress.

“We started Fortress because we recognized major supply chain vulnerabilities in our country’s most critical industries. Many recent high-profile breaches have spawned a new wave of regulatory action in the U.S. that will likely expand for the foreseeable future,” Kassabov added.

Related: Legit Security Raises $30M to Tackle Supply Chain Security

Related: Software Supply Chain Protection Startup Scribe Security Raises $7 Million

view counter
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.