TrueFort a Weehawken, NJ. -based the zero-trust application protection company, closed a $30 million Series B round led by Shasta Ventures with the participation of Canaan and existing investors Evolution Equity Partners, Lytical Ventures, and Emerald Development Managers.
The financing will support hiring across the company, expanded go-to-market activities, and multiple R&D initiatives, including offerings that help enterprises better manage their application risk posture.
Company: TrueFort, Inc.
Raised: $30.0M
Round: Series B
Funding Month: September 2021
Lead Investors: Shasta Ventures
Additional Investors: Canaan, Evolution Equity Partners, Lytical Ventures, and Emerald Development Managers
Company Website: https://truefort.com/
Software Category: Cyber Security
About the Company: TrueFort is the leader in delivering zero trust protection for critical applications. Leveraging unique real-time, adaptive trust, and cloud-to-ground capabilities, TrueFort’s Fortress platform detects and contains security threats before they become business risks. Founded by former IT executives from Bank of America and Goldman Sachs, leading global enterprises trust TrueFort to deliver unprecedented application visibility and security.
Source: https://www.businesswire.com/news/home/20210908005879/en/TrueFort-Closes-30M-Series-B-Round-for-Zero-Trust-Platform-that-Turns-Application-Intelligence-Against-Attackers