Fortanix

Fortanix

Cloud-based data security with key management

Overview

Fortanix provides cloud-based data security solutions, focusing on encryption key management and data protection through a Level 3 hardware security module (HSM) delivered as a cloud service. Its flagship Fortanix Data Security Manager (DSM) unifies key management and data security, while its platform supports confidential computing and zero-trust access, helping enterprises verify and secure connections before granting access. The company differentiates itself by offering a flexible, easy-to-integrate cloud HSM and unified data security suite designed for large organizations with complex security needs, paired with strong customer support. The goal is to help enterprises deploy secure, scalable data protection in the cloud with a zero-trust, confidential computing approach.

About Fortanix

Simplify's Rating
Why Fortanix is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Hardware

Enterprise Software

Cybersecurity

Company Size

201-500

Company Stage

Series C

Total Funding

$135.3M

Headquarters

Santa Clara, California

Founded

2016

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Simplify's Take

What believers are saying

  • July 2026 L&T Vyoma partnership opens India banking, government, and healthcare buyers immediately.
  • February 2026 NTT DATA partnership adds managed-services distribution for compliant AI factories.
  • June 2026 Deepgram partnership proves Fortanix security now reaches regulated voice AI deployments.

What critics are saying

  • Fortanix depends on NVIDIA Confidential Computing, making roadmap control partly external.
  • Partner-led sales through L&T Vyoma and NTT DATA delay proof of standalone demand.
  • AWS, Microsoft, and Google bundle cheaper key management, squeezing DSM's pricing power by 2027.

What makes Fortanix unique

  • Armet AI runs sensitive AI workloads in NVIDIA-backed trusted execution environments, not plain clouds.
  • DSM adds multi-sourced quantum entropy with Qrypt and Quantum Dice for key generation.
  • L&T Vyoma and NTT DATA channel Fortanix into sovereign AI deals in regulated markets.

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Funding

Total Funding

$135.3M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$90M
Fortanix
$100M
Oura

Benefits

Hybrid Work Options

12 Annual Leaves & 12 Casual/Sick Leaves

8 Public Holidays + 2 Floating Holidays

Comprehensive Medical and Dental Insurance Coverage for employees and their eligible dependents

Group Life Insurance

Personal Accident Insurance

Internet Reimbursement

Employee Stock Options

Wellness Program

Remote Work Options

Flexible Work Hours

Paid Vacation

Paid Sick Leave

Paid Holidays

Contry?

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
CxOToday
Jul 8th, 2026
L&T Vyoma and Fortanix partner to deliver Confidential Computing with NVIDIA technology.

L&T Vyoma and Fortanix partner to deliver Confidential Computing with NVIDIA technology. Larsen & Toubro Vyoma (L&T Vyoma), L&T's next-generation sovereign AI cloud and digital infrastructure business, has entered a strategic partnership with Fortanix Inc, a US-headquartered global leader in data and AI security and a pioneer in Confidential Computing. They will jointly deliver sovereign, secure software-as-a-service offerings for enterprises and government organisations in India. With AI adoption accelerating, the need for data sovereignty, regulatory compliance and runtime protection has become critical, particularly in regulated sectors such as banking, financial services, government and healthcare. Through this partnership, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking, while Fortanix will secure the data and AI workloads in use by leveraging NVIDIA Confidential Computing. The collaboration will enable organisations to adopt AI and modern data services securely, while ensuring that sensitive data remains protected and compliant within India's borders. Commenting on the partnership, Prashant Chiranjive Jain, Managing Director - Larsen & Toubro Vyoma, said: "India's digital economy requires a strong foundation of sovereign infrastructure and secure AI capabilities. The partnership with Fortanix enables us to help organisations harness AI with confidence by ensuring that data remain protected within national boundaries while meeting the highest standards of security and compliance". Anand Kashyap, Co-founder & CEO - Fortanix Inc, said: "AI adoption isn't slowing down, but organisations are increasingly challenged to balance innovation with data sovereignty and security. Our partnership with L&T Vyoma brings together trusted infrastructure and Confidential Computing to enable enterprises in India use AI without exposing sensitive data or intellectual property". Justin Boitano, Vice President -Enterprise AI Products - NVIDIA, said: "Regulated industries racing to adopt AI need to maintain the highest standards for data sovereignty and security as they scale advanced AI models and agents. Bringing together NVIDIA Confidential Computing with L&T Vyoma's sovereign infrastructure and Fortanix's security platform creates a trusted foundation for securely deploying and managing mission-critical workloads in India". While traditional security approaches protect data at rest and in transit, they leave a critical gap during processing. Confidential Computing addresses this by securing the data in use through hardware-based Trusted Execution Environments, ensuring sensitive information remains encrypted and impenetrable even during computation. By integrating Confidential AI into L&T Vyoma's AI Factory model, the partnership enables secure deployment of AI models without exposing proprietary IP, protects sensitive enterprise and citizen data during processing, enables cryptographic verification of trusted environments and supports compliance with India's data sovereignty and regulatory requirements. L&T Vyoma and Fortanix will jointly develop sovereign AI and data security solutions, pursue co-selling initiatives across regulated industries and drive customer enablement through proof-of-concept and proof-of-value engagements. L&T Vyoma will also facilitate engagement with leading Indian AI model builders, strengthening the ecosystem for sovereign AI innovation. The partnership marks a significant step towards building a secure AI ecosystem in India, enabling organisations to innovate, while retaining full control over their data and models.

Crypto Briefing
Jun 9th, 2026
Deepgram partners with Fortanix and Nvidia for secure voice AI deployment in regulated industries.

Deepgram partners with Fortanix and Nvidia for secure voice AI deployment in regulated industries. The collaboration brings confidential computing to real-time voice AI, keeping audio data and model weights encrypted even during active inference. Just now ago Voice AI has a trust problem in the industries that need it most. Hospitals, banks, and government agencies have spent years watching from the sidelines as consumer-facing AI tools race ahead, held back by a simple question: who else can hear what its AI hears? Deepgram is betting it has an answer. The voice AI company announced a partnership with Fortanix and Nvidia on June 1, 2026, to enable fully encrypted, on-premises voice AI deployments designed specifically for regulated industries. The core pitch: organizations can now run voice transcription, AI-powered customer support agents, and analytics tools while keeping both the audio data and the proprietary model weights encrypted during real-time inference. How confidential computing changes the game for voice AI. To understand why this matters, think about what normally happens when an AI model processes your voice. The audio gets decrypted so the model can analyze it, which creates a window of vulnerability. It's like a bank vault that has to open its doors every time someone needs to count the money inside. Confidential computing eliminates that window. The technology, built on Nvidia's Confidential Computing-enabled GPUs and powered by Fortanix's Confidential AI platform, allows Deepgram's models to process voice data while it remains encrypted. In English: the vault stays locked, but the money still gets counted. This applies to both sides of the equation. Sensitive audio, think patient conversations or financial advisory calls, stays protected. And Deepgram's proprietary model weights, the intellectual property baked into how its AI actually works, remain shielded from the organizations hosting them on-premises. Deepgram claims this is the first implementation of confidential computing in real-time voice AI applications. If that holds up, it positions the company at the front of a very specific but potentially enormous market: enterprises that want cutting-edge voice AI but can't or won't send sensitive audio to a third-party cloud. Building on an existing on-premises push. This announcement didn't come out of nowhere. Deepgram has been building toward secure deployment options for a while, offering on-premises and Virtual Private Cloud solutions as alternatives to its cloud API. The Fortanix and Nvidia partnership extends that strategy by adding a hardware-level encryption layer that goes beyond traditional network security. Just days earlier, on May 27, 2026, Deepgram announced a separate initiative around low-latency voice agents built on Nvidia's Nemotron technology. That release focused on speed. This one focuses on security. Together, they sketch out a product roadmap aimed at making Deepgram's voice AI fast enough and safe enough for the most demanding enterprise environments. The target use cases are straightforward: private on-premises voice agents that can handle customer interactions without data leaving the building, enterprise-grade transcription services for sensitive meetings and calls, and IT service desk tools that can automate support workflows while maintaining strict data governance. For healthcare organizations bound by HIPAA, financial institutions navigating a web of compliance requirements, and government agencies with strict data sovereignty mandates, these aren't nice-to-have features. They're prerequisites. For Fortanix, this collaboration extends their Confidential AI platform into voice, an area where the security stakes are arguably higher than in text-based AI. Voice data is inherently more personal, harder to anonymize, and often subject to stricter regulatory treatment than written communications. Disclosure: This article was edited by Editorial Team. For more information on how Cryptobriefing create and review content, see its Editorial Policy.

Business Wire
Jun 1st, 2026
Deepgram enables private voice AI in regulated industries with on-premises deployment using Fortanix and NVIDIA

Deepgram has partnered with Fortanix to enable enterprises to run voice AI in on-premises environments with enhanced security protections. The solution combines Deepgram's voice AI models with Fortanix Confidential AI and NVIDIA Confidential Computing to protect sensitive data and proprietary model weights during active processing. The technology creates hardware-isolated environments where audio data and AI models remain encrypted throughout use, addressing security requirements in highly regulated industries like healthcare and finance. It enables organisations to deploy voice applications for customer interactions, transcription services and internal operations whilst maintaining data sovereignty and meeting HIPAA and GDPR requirements. The partnership aims to accelerate voice AI adoption in security-sensitive sectors by protecting data and models from theft or unauthorised access, even from privileged administrators.

Associated Press
Mar 16th, 2026
TELUS and Fortanix launch Confidential AI solution with cryptographic protection on Canadian infrastructure

TELUS and Fortanix have launched a Confidential AI solution built on NVIDIA infrastructure, enabling Canadian organisations to train and deploy AI on sensitive data with cryptographic proof of protection. The solution, announced at NVIDIA GTC 2026, uses confidential computing technology to maintain encryption of data even whilst being processed by AI systems. The platform, hosted at TELUS Sovereign AI Factory, employs cryptographic attestation and secure key releases to create a verifiable chain of trust. Encryption keys are only released after successful verification of the trusted execution environment, ensuring proprietary models and sensitive data remain encrypted throughout training, fine-tuning and inference. The solution targets regulated sectors including healthcare, finance and government, where data exposure during AI processing has previously hampered innovation. It provides an auditable record that environments remain encrypted throughout the entire AI lifecycle.

Associated Press
Mar 11th, 2026
Fortanix integrates multi-sourced quantum entropy into key management for enterprise encryption

Fortanix has introduced multi-sourced quantum entropy capability in its Data Security Manager platform, enabling enterprises to diversify encryption key generation sources. Through partnerships with Qrypt and Quantum Dice, the company now integrates independent quantum entropy sources directly into key management workflows. The software-defined approach allows organisations to ingest entropy from multiple physics-based Quantum Random Number Generator providers without hardware disruption. This eliminates single-source dependency in key generation whilst supporting emerging compliance requirements for entropy diversification. The integration includes immutable logging and audit trails for regulatory readiness, and operates within Confidential Computing environments to protect keys from exposure. Fortanix's solution aims to strengthen cryptographic resilience against both classical and quantum-era threats by diversifying the root of trust in cryptographic systems.

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