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

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.
More from Eduard Kovacs
- Microsoft’s Verified Publisher Status Abused in Email Theft Campaign
- British Retailer JD Sports Discloses Data Breach Affecting 10 Million Customers
- Meta Awards $27,000 Bounty for 2FA Bypass Vulnerability
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Hive Ransomware Operation Shut Down by Law Enforcement
- UK Gov Warns of Phishing Attacks Launched by Iranian, Russian Cyberspies
- Dozens of Cybersecurity Companies Announced Layoffs in Past Year
Latest News
- Sentra Raises $30 Million for DSPM Technology
- Cyber Insights 2023: Cyberinsurance
- Cyber Insights 2023: Attack Surface Management
- Cyber Insights 2023: Artificial Intelligence
- Microsoft’s Verified Publisher Status Abused in Email Theft Campaign
- Guardz Emerges From Stealth Mode With $10 Million in Funding
- How the Atomized Network Changed Enterprise Protection
- Critical QNAP Vulnerability Leads to Code Injection
