Cybersecurity Company FortifyData Raises $5M in Seed Funding

The round led by Tech Square Ventures will go toward fueling company growth and expanding its team.

Written by Ashley Bowden
Published on Jan. 05, 2022
Cybersecurity Company FortifyData Raises $5M in Seed Funding
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Today’s era is the prime growth climate for companies in the cybersecurity sector. As more businesses move their data to the cloud and shift to operate remotely, many are simultaneously adopting products to help defend their internal systems against a range of digital threats. As enterprise ransomware attacks and demand for cybersecurity solutions continue to rise in tandem with each other, FortifyData is answering the call of organizations everywhere with its latest round of funding. 

Based in Kennesaw, FortifyData provides enterprises with a suite of cybersecurity solutions consolidated into one platform. The company pulled in $5 million led by Tech Square Ventures to further its growth. Panoramic Ventures, SoftBank and Oval Park Capital also participated in the round. The seed extension round brings the company’s total funding to $6.7 million, according to Crunchbase

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Launched in 2018, FortifyData encompases a range of tools that work to provide companies with accurate risk insights. Its solutions include external and internal attack surface management, third-party risk management and cloud security posture management, to name a few. The platform currently serves enterprise clients like Global Payments and Nike, as reported by Atlanta Inno, and has recorded annual growth of 250 percent every year since its launch.

“In today’s world, cyber risks cannot be assessed using a fixed risk model, as every entity and their threat landscape is different and should be presented accurately. We are proud to pioneer a solution to address these issues,” Victor Gamra, FortifyData’s CEO, said in a statement. “Our alliance with these investors gives us the opportunity to accelerate our growth and support the consistent high demand for our platform.” 

Continuing with its growth trend, FortifyData is investing its new injection of capital in building out new product integrations as well as its internal team. Currently 37 people strong, FortifyData plans to increase its team by 20 over the next 18 months with a focus on sales and marketing. The company currently lists a handful of remote roles on its site spanning executive positions, engineering, sales and more.

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Truist
Cloud • Fintech • Other • Payments • Software • Data Privacy
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