Goldman Sachs Backs Data Startup Fortanix in $90 Million Round

Data security startup Fortanix Inc. raised $90 million from backers led by a Goldman Sachs Group Inc. fund, as cybersecurity companies attract investor interest despite a cooling venture financing market.

The Mountain View-based company’s Series C round was fronted by Goldman Sachs Growth Equity, with participation from GiantLeap Capital and existing investors including Intel Capital, the startup said in a statement. Soumya Rajamani from the Goldman Sachs fund will join Fortanix’s board.

The capital will help Fortanix expand its product suite used by more than 125 customers from Google and PayPal Inc. to government agencies including the US Department ...