TrueFort Raises $30 Million to Grow Application Protection Platform
TrueFort, which provides an application visibility and protection platform, announced today that it has closed a $30 million Series B funding round, bringing the total raised by the Weehawken, New Jersey-based company to $47.7 million.
The company’s “Fortress” platform leverages behavioral analysis to understand how applications and workloads should and should not behave, and uses this visibility to reduce a company’s attack surface and block attacks in real-time.
The additional funding will be used to support the company in several areas, including hiring, expanded go-to-market activities, and R&D.
“Traditional security products have focused on protecting underlying IT infrastructure from threats but the success of attackers in executing ransomware, supply chain and phishing attacks show that there are still significant gaps in security coverage,” the company explains. “TrueFort fills this void, offering Zero Trust protection for enterprise applications and workloads that are the gateway to sensitive data and, increasingly, the target of attackers.”
The Series B round was led by Shasta Ventures with the participation of Canaan and existing investors Evolution Equity Partners, Lytical Ventures and Emerald Development Managers. Nitin Chopra, Managing Director at Shasta Ventures, will join TrueFort’s board of directors as part of the deal.
Founded in 2015, the company previously raised $13.7 million in Series A funding in 2019.