Goldman Sachs pumps investment into CyberTech Fortress

CyberTech firm Fortress has secured $125m in investment from Goldman Sachs Asset Management and other investors to help secure critical industry supply chains.

According to Security Week, the company previously raised roughly $40m in several funding rounds between 2015 and 2020.

Fortress provides cyber supply chain risk management solutions for critical infrastructure and critical manufacturing. The company claims it is one of the largest cybersecurity providers of supply chain risk management and asset vulnerability management solutions in the US.

The company claims its solution was developed in collaboration with electric utilities and is now being used to secure 40% of the US’ power grid.

Fortress co-founder and executive chairman Peter Kassabov said, “Supply chain cybersecurity is one of the most important challenges facing business and government leaders today. Supply chains represent a source of significant threats to the national economy and our ability to maintain our way of life.

“We started Fortress because we recognized major supply chain vulnerabilities in our country’s most critical industries. Many recent high-profile breaches have spawned a new wave of regulatory action in the U.S. that will likely expand for the foreseeable future.”

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