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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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2022 | Series C | Goldman Sachs Asset Management (lead); American Electric Power; Moquin Capital; Alex Santos; First Analysis; KMMT Fortress Investment, LLC; ClearSky; Peter Kassabov; Caron Capital | $125M | Fortress 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 2019 | Series B | Moquin Capital; Jinx Development, LLC; First Analysis; Caron Brothers Investments 2, LLC; Kassabov|Santos Ventures | $16M | - |
| Dec 2017 | Series A | Kassabov|Santos Ventures (lead); Moquin Capital; Jinx Development, LLC; Caron Brothers Investments 2, LLC; KMMT Fortress Investment, LLC | $13M | Fortress 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 2015 | Seed | Kassabov|Santos Ventures (lead) | $6M | Fortress 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| -- | 3 | Participant | Dec 2017 | |
| 3 | Lead | Mar 2015 | ||
| -- | 2 | Participant | Dec 2017 | |
| 2 | Participant | Feb 2019 | ||
| -- | 2 | Participant | Dec 2017 | |
| -- | 2 | Participant | Dec 2017 | |
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
This data is available for Pro users. Sign up to see all 12 Fortress Information Security investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialFortress 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $11B | $1B | $307B | 25.9x | ||
| Publicly listed | $4.8B | ($12M) | $252B | 44.5x | ||
| Publicly listed | $68B | $17B | $224B | 4.0x | ||
| Publicly listed | $6.8B | $2.3B | $127B | 15.9x | ||
| Private | - | - | $32B | - | ||
| Private | $150M | - | $12B | 80.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $1B | 26.7x | 25.9x | 301.1x | 76.9x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $6.8B | $2.3B | 18.1x | 15.9x | 53.7x | 41.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $70B | $12B | 1.7x | 1.6x | 10.1x | 8.4x | |||
| $14B | $2.7B | 2.4x | 2.3x | 12.2x | 11.1x | |||
| $2.9B | $245M | 10.6x | 10.0x | 126.4x | 36.4x | |||
This data is available for Pro users. Sign up to see all Fortress Information Security competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Fortress Information Security
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