FortifyData Raises $5M to Help CISO and Security Practitioners with Integrated Cyber Risk Management

FortifyData screenshot

FortifyData’s holistic 360° cyber risk management platform provides a more accurate cyber risk rating with continuous assessment capabilities 

Atlanta, GA – Jan 4, 2022 – FortifyData, the most accurate cybersecurity ratings and risk management platform in the industry, today announces they have raised $5M in new funding. Led by Tech Square Ventures with participation from SoftBank’s SB Opportunity Fund, Panoramic Ventures, and follow-on participation from Oval Park Capital, the funding will be used to accelerate growth and continue to recruit top talent. 

FortifyData, a rising star in cyber risk management provides key solutions for attack surface management (external and internal), Third Party Risk Management (TPRM), Threat Intelligence, Security Compliance Management, Cloud Security Posture Management, and Financial Impact Quantification. All of these components are consolidated into one platform providing more accurate risk insights compared to other solutions in the market. This empowers customers to effectively create best in class Enterprise and Third-Party Risk Management programs. The platform ingests, analyzes, and produces a variety of risk intelligence information, and a benchmark cyber risk rating, that incorporates threat and vulnerability data. Read more about FortifyData’s approach to providing a cyber risk rating.

“In today’s world, cyber risks cannot be assessed using a fixed risk model, as every entity and their threat landscape is different and should be presented accurately. We are proud to pioneer a solution to address these issues,” said Victor Gamra, FortifyData’s CEO. “Our alliance with these investors gives us the opportunity to accelerate our growth and support the consistent high demand for our platform.” 

“Finally, a risk management platform that is for leadership and security engineers,” said Johnathan Kyle, Senior Security Architect at Lockstep Group. “FortifyData enabled ingestion of relevant technical data into a risk portfolio that can serve as your one-stop-shop for organizational IT risk management, and their features could allow some organizations to get rid of several other software to reduce tool fatigue.” 

“The cybersecurity landscape has become more complex with a higher velocity for change, that increases the attack surface and threat vectors that enterprise organizations are facing”, said Blake Patton, Managing Partner at Tech Square Ventures. “We see, and have heard from their clients, that FortifyData’s integrated cyber risk platform provides more accurate and continuous ratings to understand and manage risk program effectiveness than what is in the market. We look forward to partnering with FortifyData and are eager to aid in their growth.” 

FortifyData has experienced 250% Y0Y growth since inception, and is trusted by enterprise organizations such as Nike, Global Payments, UNICEF and many others. 

About FortifyData 

FortifyData is the leader in accurate and holistic automated cyber risk ratings and management platform. FortifyData gives organizations a 360-degree view of their cyber risk exposure through provisioning comprehensive external and internal technology assessments, compliance-based control assessments, and collaborative third-party risk management solutions. Learn more about FortifyData.com and request a complimentary cyber risk assessment.   

About Tech Square Ventures 

 Tech Square Ventures is an Atlanta-based early-stage venture capital firm that partners with visionary entrepreneurs to help them with what they need most – access to markets and customers. Tech Square Ventures’ platform is built on a strategic network of innovation ecosystem, corporate, and university relationships that help founders inform and accelerate go-to-market strategies. For more information, visit www.techsquareventures.com or follow Tech Square Ventures on LinkedIn or Twitter @techsquarevc 

About Oval Park Capital 

Oval Park Capital is an early-stage venture capital firm that invests primarily in deep technology startups in the Southeast and other undercapitalized US markets. Oval Park seeks to partner with and actively support exceptional and diverse founders that are developing and commercializing disruptive, protectable technologies to solve large, complex, and costly global problems. For more information, visit OvalPark.com

About SoftBank’s SB Opportunity Fund 

The SB Opportunity Fund is a $100M venture fund dedicated to supporting and building a community of outstanding Black, LatinX and Native American founders and entrepreneurs in the U.S. For more information, visit TheOpportunityFund.com or follow the SB Opportunity Fund on LinkedIn and Twitter.

About Panoramic Ventures 

Panoramic Ventures is a venture capital firm based in Atlanta that takes a “wider-view” approach to investing by targeting the Southeast and Midwest and placing a focus on underserved and diverse founders and university startups. Panoramic opens new doors for overlooked founders, giving more entrepreneurs access to capital to build leading tech companies. For more information, visit www.panoramic.vc or follow Panoramic Ventures on LinkedInInstagram or Twitter @PanoramicVC

Press Contacts: 

Marshall England