Fortanix
Fortanix is a data-first multicloud security company founded in 2016 that provides confidential computing and runtime encryption platforms for regulated enterprises and AI deployments, using hardware-based Trusted Execution Environments and FIPS 140-2 Level 3 HSMs to protect data at-rest, in-transit, and in-use across hybrid cloud environments.
- Company typePrivate
- Founded2016
- HeadquartersMountain View, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Fortanix does
Fortanix is a privately held data-first multicloud security company founded in 2016 and headquartered in Santa Clara, California, that builds confidential computing and runtime encryption infrastructure for enterprises and regulated institutions. Its core platform protects data not only at-rest and in-transit but also in-use by executing workloads inside hardware-based Trusted Execution Environments (TEEs) including Intel SGX enclaves and NVIDIA Confidential Computing-enabled GPUs (H100, Blackwell). The product suite centers on the Data Security Manager (DSM) — a unified enterprise encryption, key management, FIPS 140-2 Level 3 HSM (FX2200 series), secrets management, tokenization, and transparent database encryption platform — augmented by the Confidential Computing Manager for TEE orchestration, Confidential AI and Armet AI for securing generative AI and inference workloads, and Key Insight for cryptographic security posture management. The platform integrates deeply with AWS, Google Cloud, Microsoft Azure, Snowflake, ServiceNow, VMware, and major AI infrastructure stacks from NVIDIA, HPE, Dell, Cisco, NTT DATA, and TELUS.
The company sells primarily through a quote-based enterprise field sales motion targeting regulated verticals — financial services, healthcare and life sciences, government and defense, manufacturing, and AI model providers — supplemented by a Westcon-Comstor EMEA distribution agreement and technology partner channels that embed Fortanix into AI Factory offerings. Revenue streams combine software subscriptions (multi-tenant SaaS DSM), on-premises HSM appliance sales, virtual appliance licensing, and professional services. Fortanix reports 100+ customers across financial institutions (Goldman Sachs, PayPal), healthcare (UCSF/BeeKeeperAI, Blackbaud, TGen), technology providers (Intel, Google, IBM, VMware, NEC, Cloudera), and large enterprises (Adidas, Equinix, Valeo), and has raised approximately $122 million across funding rounds including a $90 million Series C led by Goldman Sachs Growth Equity in September 2022 with additional backing from In-Q-Tel. Certifications including FIPS 140-2 Level 3, SOC 2 Type II, ISO 27001, PCI DSS, HIPAA, GDPR, and CCPA position the platform for regulated and government buyers, while strategic partnerships with NVIDIA, HPE, Dell, NTT DATA, TELUS, Cisco, and CrowdStrike extend its reach into sovereign and confidential AI deployments globally.
Fortanix firmographics
Firmographics- Name
- Fortanix
- Legal name
- Fortanix Inc.
- Website
- https://fortanix.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Fortanix is a data-first multicloud security company founded in 2016 that provides confidential computing and runtime encryption platforms for regulated enterprises and AI deployments, using hardware-based Trusted Execution Environments and FIPS 140-2 Level 3 HSMs to protect data at-rest, in-transit, and in-use across hybrid cloud environments.
- Ownership category
- akta.pro rank
Fortanix industry classification
Industry- Product category
- Confidential Computing & Data Security
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Encryption (Data-at-Rest / In-Transit / In-Use) (HDADAFAB)
Keywords
Where Fortanix is headquartered
LocationHeadquarters
- HQ city
- Mountain View
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Fortanix business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Subscriptions (SaaS): Cloud-native data security platform delivered as SaaS with FIPS 140-2 Level 3 backed service. Customers can subscribe for multi-tenant SaaS deployment with rapid deployment and global scale.
- On-Premises Appliances: Physical FIPS 140-2 Level 3 HSM appliances deployed on-premises with native clustering and management capabilities.
- Virtual Appliance: Software-based key management system deployed as virtual appliance for customers preferring on-premises but with software flexibility.
- Professional Services: Technical support programs and professional services for implementation, deployment, and ongoing support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise tier with full platform access |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Fortanix product offering
Product offeringCore offering
Fortanix delivers a data-first, multicloud security platform that uses Runtime Encryption and Confidential Computing to protect data at-rest, in-transit, and in-use. Its offerings include the Data Security Manager (DSM) for key management, HSM, tokenization, and secrets; Confidential AI for securing AI models and inference; Confidential Computing Manager for managing Trusted Execution Environments; and Armet AI for turnkey secure GenAI deployments. Customers span financial services, healthcare, government, and enterprises requiring FIPS 140-2 Level 3 validated cryptography.
Product overview
Fortanix offers a unified data security platform with multiple integrated products. The core platform consists of Confidential AI (for securing AI models and workloads), Data Security Manager (for enterprise encryption and key management), Confidential Computing Manager (for TEE management), Armet AI (for turnkey GenAI), and Key Insight (for cryptographic posture assessment). Data Security Manager includes sub-modules for Key Management Service, HSM, File System Encryption, Transparent Database Encryption, AWS XKS, BYOK, Data Tokenization, Google EKM, Secrets Management, Code Signing, and DSM Accelerator. The platform supports deployment as SaaS, virtual appliance, or on-premises appliance, with FIPS 140-2 Level 3 validation across security components.
Differentiator
Problem solved
Functional benefit
Brands
- Confidential AI: Platform for securing AI models, prompts, and data across the AI lifecycle using encryption-in-use and trusted execution environments
- Data Security Manager
- Confidential Computing Manager
- Armet AI
- Key Insight
- Runtime Encryption
Products and services
- Confidential AI
Quantifiable outcome
- 56% of organizations prioritize data security platform consolidation
- +1 more outcomes
Companies that use Fortanix
Customer profileNamed customers19 records
Segments7 records
Ideal customer profiles5 records
Fortanix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability8 records
Feature10 records
Fortanix partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core, flagship and supporting.
- DeepgramcorePartnership to enable fully encrypted, on-premises voice AI deployments for regulated industries. Leverages Nvidia's Confidential Computing-enabled GPUs and Fortanix's Confidential AI platform to keep both audio data and proprietary model weights encrypted during real-time inference.
- NVIDIAflagshipDeep technical partnership leveraging NVIDIA Confidential Computing-enabled GPUs for secure AI deployments. Fortanix Confidential AI platform runs on NVIDIA H100 and Blackwell GPUs with hardware-enforced isolation for AI workloads.
- Dell TechnologiescoreIntegration of Fortanix into Dell AI Factory with NVIDIA ecosystem. Dell positions confidential computing with Fortanix as enabling regulated industries like healthcare and financial services to deploy AI workloads while maintaining data protection requirements.
- CrowdStrikesupportingIntegration with CrowdStrike Falcon Platform providing unified AI-native security for Dell AI Factory including detections for NVIDIA NIM and NeMo components.
- L-SPARKsupportingAI alliance partnership through TELUS expanding technology partnerships for AI innovation in Canadian market.
- Abu Dhabi Health Data ServicessupportingAI alliance partnership through TELUS expanding technology partnerships for AI innovation in healthcare data services.
- Hewlett Packard Enterprise (HPE)flagshipPartnership to embed Confidential Computing in AI Factories. HPE Private Cloud AI integrates Fortanix for security features including Armet AI confidential computing platform on HPE ProLiant Compute DL380a Gen12 systems with NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs.
- TELUScorePartnership to bring Confidential AI to Canada using NVIDIA Confidential Computing at TELUS' Sovereign AI Factory locations. Solution enables organizations to train AI models on sensitive data while keeping it encrypted throughout processing with data guaranteed to remain on Canadian soil.
- QryptsupportingMulti-sourced quantum entropy capability integrating Qrypt's physics-based quantum entropy source to diversify encryption key generation and eliminate single points of failure in key generation.
- Quantum DicesupportingMulti-sourced quantum entropy capability integrating Quantum Dice's independent physics-based entropy sources to strengthen enterprise cryptographic resilience and support compliance requirements.
- Rafay SystemssupportingIntegration with Rafay's automated provisioning platform to help enterprises scale Confidential AI deployments efficiently.
- NTT DATAcorePartnership to help enterprises run secure, sovereign AI Factories using NVIDIA Confidential Computing technology. Addresses data security, lawful processing, and regulatory compliance challenges particularly under India's Digital Personal Data Protection Act.
- HPE Unleash AI Partner ProgramcoreFortanix joined HPE's Unleash AI partner program integrating Armet AI confidential computing platform, built on NVIDIA Confidential Computing, into HPE Private Cloud AI deployments for Sovereign AI-as-a-Service offerings.
- Westcon-ComstorsupportingDistribution agreement enabling channel partners in Europe, Middle East, and Africa to enhance data security offerings focusing on cryptography, compliance, and post-quantum readiness.
- Amazon Web Services (AWS)coreDeep integration with AWS including AWS KMS External Key Store (XKS) support, AWS Nitro Enclaves support for confidential computing, and Bring Your Own Key (BYOK) capabilities.
- Google Cloud Platform (GCP)coreIntegration with Google External Key Manager (EKM) enabling organizations to manage encryption keys outside GCP with FIPS 140-2 Level 3 certified HSM security.
- Microsoft AzurecoreEarly adopter of Azure Confidential Computing since 2020. Fortanix uses Azure confidential VMs with NVIDIA H100 Tensor Core GPUs in Armet AI for confidential AI deployments.
- ElevenLabssupportingVoice AI provider using Fortanix Confidential AI with NVIDIA Confidential Computing to deploy Text to Speech models at customer sites (government, healthcare, finance) while protecting proprietary model IP.
- IntelcoreStrategic technology partnership leveraging Intel SGX (Software Guard Extensions) for Trusted Execution Environments in Fortanix confidential computing solutions.
- VMwaresupportingTechnology partnership for data security integrations with VMware infrastructure and cloud environments.
- CiscocoreFortanix brings Confidential AI to Cisco Secure AI Factory with NVIDIA, integrating confidential computing into Cisco's AI infrastructure offerings.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Fortanix competitors and assessment
Company assessmentBroad incumbents
- Google Cloud KMS / External Key Manager: Google Cloud KMS and External Key Manager (EKM) compete with Fortanix's DSM and GCP EKM integration. Google is simultaneously a customer/partner of Fortanix and a broad incumbent offering overlapping data-in-use and key management capabilities natively.
- CyberArk (incl. Venafi): CyberArk, post Venafi acquisition, is a broad incumbent in machine identity, PKI, secrets management and certificate lifecycle — categories that overlap with Fortanix's Key Insight, Secrets Management and Code Signing modules for enterprise buyers consolidating identity and cryptographic posture tooling.
- AWS Key Management Service / CloudHSM: AWS KMS and CloudHSM are broad incumbent cloud-native HSM and key management services. Fortanix positions its DSM, External Key Store (XKS) and Confidential AI integrations on top of AWS as a complementary control plane, but AWS native services compete directly for the underlying budget.
- Microsoft Azure Key Vault / Confidential Computing: Azure Key Vault, Managed HSM, and Azure Confidential Computing offer cloud-native key management and in-use encryption. Fortanix integrates with Azure as an early Confidential Computing adopter since 2020, but Microsoft's native services are a broad incumbent alternative.
Emerging players
- Anjuna Security: Anjuna is an emerging player in confidential computing platforms that wrap applications in TEEs across AWS Nitro, Azure Confidential Computing and GCP. It overlaps with Fortanix Confidential Computing Manager as an alternative path to encryption-in-use for enterprise workloads.
- Baffle: Baffle is an emerging player in data-centric encryption and Format-Preserving Encryption/tokenization for databases and data pipelines. It competes directly with Fortanix's Data Tokenization and Transparent Database Encryption modules for buyers modernizing data-layer security.
Direct peers
- Utimaco: Utimaco is a direct peer in enterprise HSMs and key management, targeting financial services, government and automotive security buyers with FIPS-validated appliances — competing head-to-head against Fortanix's FX2200 Series and cloud HSM offerings.
- HashiCorp Vault: HashiCorp Vault (now part of IBM) is a direct peer in secrets management, key management and encryption-as-a-service for cloud-native workloads, often co-deployed with HSMs and competing for the same multicloud key management budget as Fortanix DSM.
- Thales: Thales (via its Luna HSM and Data Protection on Demand offerings) is a direct peer: it sells FIPS-validated HSMs, enterprise key management, and encryption-in-use-style solutions to the same regulated buyer base. It is the most direct legacy incumbent Fortanix displaces.
- Entrust: Entrust (spun out of Datacard) sells HSMs, PKI, and key management solutions and overlaps directly with Fortanix's Data Security Manager and HSM modules for enterprises modernizing from legacy on-prem encryption infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Fortanix social profiles
Digital presenceFortanix compliance and trust
Trust signalCompliance8 records
Fortanix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fortanix leadership team
Management profileNumber of profiles
Profiles7 records
Fortanix funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fortanix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fortanix
What does Fortanix do?
Fortanix delivers a data-first, multicloud security platform that uses Runtime Encryption and Confidential Computing to protect data at-rest, in-transit, and in-use. Its offerings include the Data Security Manager (DSM) for key management, HSM, tokenization, and secrets; Confidential AI for securing AI models and inference; Confidential Computing Manager for managing Trusted Execution Environments; and Armet AI for turnkey secure GenAI deployments. Customers span financial services, healthcare, government, and enterprises requiring FIPS 140-2 Level 3 validated cryptography.
Is Fortanix a public or private company?
Fortanix is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fortanix founded?
Fortanix was founded in 2016. It employs 101 to 250 people.
Where is Fortanix based?
Fortanix is headquartered in Mountain View, United States, in the North America region.
How does Fortanix make money?
Four revenue lines are on record. Software Subscriptions (SaaS) is the primary driver. The others are on-Premises Appliances, virtual Appliance and professional Services.
Who are Fortanix's main competitors?
Broad incumbents on record are Google Cloud KMS / External Key Manager, CyberArk (incl. Venafi), AWS Key Management Service / CloudHSM and Microsoft Azure Key Vault / Confidential Computing. Emerging players are Anjuna Security and Baffle. Direct peers are Utimaco, HashiCorp Vault, Thales and Entrust.
Does Fortanix have an API?
Yes. Fortanix provides RESTful APIs for key management operations. The platform supports PKCS#11, KMIP, JCE, Microsoft CAPI, and Microsoft CNG interfaces for integration with existing applications. Business critical apps can integrate using traditional crypto interfaces or RESTful APIs. Developer documentation is at support.fortanix.com/apidocs.
What industry is Fortanix in?
Fortanix's product category is Confidential Computing & Data Security. Its primary akta.pro industry code is HDADAFAB, Encryption (Data-at-Rest / In-Transit / In-Use). Its NAICS code is 5182 and its SIC code is 7370.