Dear Customers, Colleagues, and Friends,
Today, I’m excited to share the great news that Fortscale has raised an additional $7 Million dollars in funding. This new investment round, led by Evolution Equity Partners and Valor Capital Group, brings Fortscale’s total funding to $23 million dollars. Previous investors, including: Intel Capital; Blumberg Capital; Swarth; CME ventures; and UST Global also participated in the latest round.
We welcome Evolution Equity Partners and Valor Capital Group as new partners for our journey. They each bring unique skills and value that will greatly assist Fortscale to expand our markets and customer base.
Evolution Equity Partners, based in New York City and Zurich, Switzerland, will be a huge help as we expand in Europe, and their strong focus on Cyber-Security will definitely bring additional value to Fortscale. They have a very impressive portfolio of security companies, including: AVG Technologies (AVG: NYSE), Cognitive Security (CSCO: NASDAQ), OpenDNS (CSCO: NASDAQ), Carbon Black, Onapsis, Security Scorecard among others.
Valor Capital Group is an investment firm focused on US-Latin America opportunities. With a presence in New York, San Francisco and São Paulo, Valor Capital Group will be key in Fortscale’s expansion into Latin American markets.
We are also very pleased that our previous investment partners have opted to participate once again in the funding. Their ongoing support is further validation of Fortscale’s team, products, and vision in the marketplace.
The new investment will be used in multiple capacities as Fortscale enters its next phase of growth. The company plans to focus on new global business expansion, specifically targeting the European and Latin American markets, while also expanding its research and development operations and team in Israel.
Additionally, the funding will contribute to the ongoing development of Fortscale’s evolving product line, and the on-going success of the industry’s first embedded UEBA engine, Presidio™, in particular. Fortscale has always been an innovation-driven company, and we are very enthusiastic about making our technologies available to others via this new release.
You can expect that throughout 2017 we’ll be deeply focused on continuing our innovation and core development, building out in international markets, and scaling our team to work closely with key customers and partners.
We are proud and grateful to have the support of the investment community who understand the security market and the importance of our mission to stop insider threats faster and more effectively than ever before.
Thank you! Idan Tendler, Fortscale CEO & Co-founder Image for post Originally published at fortscale.comon February 27, 2017.