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Cybersecurity

Goldman Sachs Backs Data Startup Fortanix in $90 Million Round

The Goldman Sachs Group Inc. logo.

The Goldman Sachs Group Inc. logo.

Photographer: Michael M. Santiago/Getty Images

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.