Security News > 2020 > January > Fortanix announces record sales year, new partnerships and global expansion in 2019

Fortanix, the Runtime Encryption company, announced it had a record year in 2019, which saw sales climb 285 percent over the previous record year.

"New privacy legislation such as the California Consumer Privacy Act, advances in hardware for Runtime Encryption, and cloud service providers partnering with Fortanix will undoubtedly drive accelerated investment and demand for data protection and confidential computing solutions."

Fortanix also collaborated with Google Cloud Platform to integrate its new Google External Key Manager Service with the Fortanix Self-Defending Key Management Service to enable businesses to migrate new classes of sensitive data and applications to the public cloud.

IBM Cloud Data Shield, powered by Fortanix's Runtime Encryption® Platform, in 2019 began offering data-in-use protection for applications.

Supporting this year's continued expansion, Fortanix in early 2019 announced $23 million in Series B financing, led by new investor Intel Capital with participation by existing investors Foundation Capital and Neotribe.

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