Fortress Information Security Funding, Investors & Competitors

Fortress Information Security has raised $160M across 4 funding rounds, most recently a $125M Series C in April 2022.

Last Fortress Information Security funding round

$125M

Series C · Apr 2022

Cumulative funding Fortress Information Security raised

$160M

across 4 funding rounds

Key investors in Fortress Information Security

  • Kassabov|Santos Ventures
  • Moquin Capital
  • First Analysis
  • Caron Brothers Investments 2, LLC
  • Jinx Development, LLC
  • KMMT Fortress Investment, LLC
  • Goldman Sachs Asset Management
  • ClearSky

Fortress Information Security Overview

About Fortress Information Security

Fortress Information Security is an Atlanta-headquartered cybersecurity firm employing a Technology, Analytics, and Services approach to counter emerging threats. Its Fortress Platform delivers unified visibility into IT, operational technology, third-party risks, and supply chains for sectors including energy, manufacturing, and finance. Solutions encompass Third-Party Risk Management, Vulnerability Risk Management, and Asset to Vendor Networks tailored for power utilities, enabling compliance and risk prioritization through continuous monitoring and analyst reviews.


Founded

2015

HQ

United StatesOrlando, FL

Status

Privately held

Customer focus

B2B

Revenue model

Subscription, Services

Fortress Information Security Funding History

Fortress Information Security has raised a total of $160M across 4 funding rounds.

Fortress Information Security's first fundraising round was a $6M seed round in March 2015. The most recent completed round was a $125M Series C in April 2022.

Fortress Information Security funding rounds

Fortress Information Security funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2022Series CGoldman Sachs Asset Management (lead); American Electric Power; Moquin Capital; Alex Santos; First Analysis; KMMT Fortress Investment, LLC; ClearSky; Peter Kassabov; Caron Capital$125MFortress Information Security, founded in 2015 by Alex Santos and Peter Kassabov, provides a supply chain cybersecurity platform for critical industries including electric utilities, national defense, and manufacturing. The platform assesses, manages, and addresses risks from vendors, assets, and software, securing 40% of the U.S. power grid and over 1 million assets across 40,000+ vendors. Co-developed with leading North American investor-owned utilities, it serves as a consortium tool with five of the ten largest utilities. On April 19, 2022, Fortress received a $125 million strategic investment from funds managed by Goldman Sachs Asset Management's Private Equity business, led by Goldman Sachs. Other investors mentioned in the query include Alex Santos, American Electric Power, Caron Capital, ClearSky, First Analysis, KMMT Fortress Investment, LLC, Moquin Capital, and Peter Kassabov, though the PR announcement highlights Goldman Sachs as the provider. This brings total funding to $160 million since inception. The growth capital aims to accelerate platform expansion into areas like software and hardware bill of materials, workflow orchestration, analytics, and reporting. CEO Alex Santos noted it validates employee and client efforts in collaborative cybersecurity, while Goldman Sachs' Will Chen praised Fortress's market leadership in end-to-end supply chain solutions and its unmatched platform depth for critical infrastructure. The investment underscores rising focus on supply chain vulnerabilities amid regulatory actions and high-profile breaches, positioning Fortress to scale its Asset-to-Vendor network.
Feb 2019Series BMoquin Capital; Jinx Development, LLC; First Analysis; Caron Brothers Investments 2, LLC; Kassabov|Santos Ventures$16M-
Dec 2017Series AKassabov|Santos Ventures (lead); Moquin Capital; Jinx Development, LLC; Caron Brothers Investments 2, LLC; KMMT Fortress Investment, LLC$13MFortress Information Security, founded in 2015 by Peter Kassabov and Alex Santos, provides supply chain cybersecurity solutions for critical industries like electric utilities. The company raised a $13 million Series A round in December 2017 led by Kassabov|Santos Ventures, with participation from Caron Brothers Investments 2, LLC, Jinx Development, LLC, KMMT Fortress Investment, LLC, and Moquin Capital. Kassabov|Santos Ventures had previously backed the company with a $6 million seed round in March 2015. Fortress specializes in discovering, prioritizing, and monitoring supply chain cyber risks using technology, analytics, and services to secure critical infrastructure assets.
Mar 2015SeedKassabov|Santos Ventures (lead)$6MFortress Information Security, founded in 2015 by Peter Kassabov and Alex Santos, provides supply chain cybersecurity solutions for critical industries including energy utilities and national defense. The company raised a $6 million Series Seed round on February 28, 2015, from Kassabov|Santos Ventures. Fortress's platform assesses, manages, and addresses risks from vendors, assets, and software in supply chains, securing 40% of the U.S. power grid. Kassabov|Santos Ventures participated as investors in this early funding. Later rounds included a $15.75 million Series B led by First Analysis and a $125 million strategic investment from Goldman Sachs Asset Management in 2022. Existing investors from prior rounds, including the founders, continued support in subsequent financings. The company has grown its platform with features for compliance and managed security services.

Who has invested in Fortress Information Security?

12 investors have backed Fortress Information Security across its funding rounds, including Kassabov|Santos Ventures, Moquin Capital, First Analysis, Caron Brothers Investments 2, LLC, Jinx Development, LLC and KMMT Fortress Investment, LLC.

Lead investors include Goldman Sachs Asset Management and Kassabov|Santos Ventures.


Fortress Information Security Investors

Investors in Fortress Information Security by funding rounds participated
InvestorHQRoundsRoleFirst check
Moquin Capital--3ParticipantDec 2017
Kassabov|Santos VenturesUnited StatesOrlando, FL3LeadMar 2015
Jinx Development, LLC--2ParticipantDec 2017
First AnalysisUnited StatesChicago, IL2ParticipantFeb 2019
Caron Brothers Investments 2, LLC--2ParticipantDec 2017
KMMT Fortress Investment, LLC--2ParticipantDec 2017
American Electric PowerUnited StatesColumbus, OH1ParticipantApr 2022
Alex SantosUnited StatesOrlando, FL1ParticipantApr 2022
ClearSkyUnited StatesWest Palm Beach, FL1ParticipantApr 2022
Peter KassabovUnited StatesOrlando, FL1ParticipantApr 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Fortress Information Security Competitors

Fortress Information Security competitors include listed companies like Palo Alto Networks, CrowdStrike, IBM and Fortinet, and private ones like Safe Superintelligence and Cyera.

Public and private companies comparable to Fortress Information Security
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Palo Alto NetworksUnited StatesUnited StatesPublicly listed$11B$1B$307B25.9x
CrowdStrikeUnited StatesUnited StatesPublicly listed$4.8B($12M)$252B44.5x
IBMUnited StatesUnited StatesPublicly listed$68B$17B$224B4.0x
FortinetUnited StatesUnited StatesPublicly listed$6.8B$2.3B$127B15.9x
Safe SuperintelligenceUnited StatesSan Francisco, CAPrivate--$32B-
CyeraUnited StatesNew York City, NYPrivate$150M-$12B80.0x

Fortress Information Security Public Comps

Fortress Information Security is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Accenture, HCLTech, Okta, Experian and Zscaler.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Accenture$70B$12B1.7x1.6x10.1x8.4x
HCLTech$14B$2.7B2.4x2.3x12.2x11.1x
Okta$2.9B$245M10.6x10.0x126.4x36.4x

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Common questions about Fortress Information Security

When was Fortress Information Security founded?Fortress Information Security was founded in 2015.
Where is Fortress Information Security headquartered?Fortress Information Security is headquartered in Orlando, FL, United States.
Is Fortress Information Security publicly listed?No, Fortress Information Security is a private, VC-backed company.
How much funding has Fortress Information Security raised?Fortress Information Security has raised $160M across 4 funding rounds.
What was Fortress Information Security's last funding round?Fortress Information Security's last funding round was a $125M Series C in April 2022, led by Goldman Sachs Asset Management.
Who are Fortress Information Security's investors?Fortress Information Security's investors include Moquin Capital, Kassabov|Santos Ventures, Jinx Development, LLC, First Analysis, Caron Brothers Investments 2, LLC, KMMT Fortress Investment, LLC, American Electric Power, Alex Santos, ClearSky, Peter Kassabov and 2 others.
Which companies are comparable to Fortress Information Security?Companies comparable to Fortress Information Security include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Safe Superintelligence and Cyera.

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