Fortanix - Startup of the Year
Company: Fortanix, Mountain View, CA, USA
Entry Submitted By: Spalding Communications
Company Description: Fortanix delivers provable deterministic security to organizations by offering the industry's only Runtime Encryption. Today's encryption technologies protect only data at rest and data in motion. Fortanix keeps keys, data and apps protected while in use from external and internal threats, including insiders, cloud providers, government subpoena, OS-level hacks and network intruders.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Startup of the Year - Business Products Industries
Nomination Title: Fortanix Runtime Encryption
Tell the story about what this nominated organization has achieved since 1 January 2017 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Begin this section with the date since 1 January 2016 on which this organization began operations.
Fortanix delivers deterministic security to applications even if the infrastructure is compromised. Just like encryption today protects data at rest and data in motion, Fortanix Runtime Encryption protects applications and data while in use from external and internal threats, including insiders, cloud providers, government subpoena, OS-level hacks and network intruders. Fortanix Runtime Encryption platform, leverages Intel® SGX, to run applications inside secure enclaves with complete isolation from the rest of the system. Fortanix platform transparently provides protection of data in use for any containerized application without requiring application modifications and with no developer learning curve
As organizations migrate applications to the public cloud, they struggle with the complexity of securing their applications in an infrastructure they don’t control. Organizations with sensitive business or regulatory data such as in financial services, healthcare and government agencies are reluctant to store their crown jewels on untrusted shared infrastructure for risk of data loss. Runtime Encryption allows general-purpose computation on encrypted data without exposing sensitive information. The Fortanix solution provides deterministic security and privacy to keep sensitive data encrypted and safe in the cloud even when the infrastructure is compromised.
Use cases include the ability to run database queries against sensitive encrypted financial records or the ability to train and execute machine learning models based on intellectual property in a protected state against sensitive encrypted healthcare data or IoT sensor data. With its initial focus on enabling containerized applications that integrate seamlessly with Kubernetes, the Fortanix platform is purpose built to protect cloud-native applications. Last year, Fortanix launched its first application Self-Defending Key Management Service(SDKMS) leveraging Runtime Encryption. SDKMS delivers HSM-grade security with software-defined simplicity with the ability to scale to the needs of modern enterprise, hybrid and multi cloud deployments. The solution provides combined Hardware Security Module (HSM) and Key Management capabilities.
Since launching from stealth mode less than a year ago, Fortanix has been selected by dozens of global customers and partners, including IBM, Equinix, and Intel to protect keys, containers, and machine learning datasets. Fortanix powers the Equinix SmartKey™ HSM-as-a-service. The company has demonstratedthe industry’s first Runtime Encryption for databases and analytics applications, running them securely inside Intel® SGX. At RSA 2018, Fortanix was named as the 2018 Sandbox Contest “Most Innovative Startup” runner-up. A judging panel comprised of venture capitalists, entrepreneurs and industry veterans honored Fortanix from a group of 10 finalists for its unique Runtime Encryption.
Runtime Encryption enables a fundamentally new level of security and privacy allowing organizations with highly sensitive data to operate in the public cloud as well as enabling new possibilities for secure compute and secure collaboration
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2017 (up to 150 words).
-Since early 2017 Fortanix has gained strong traction within information security organizations.
-Since 2017 Fortanix counts organizations such as Intel, IBM, Lending Club, and Equinix among our customers and partners.
-Fortanix has more than two dozen active engagements and POCs with customers for the on-premise appliances.
-Equinix, one of the top cloud providers in the world, is a strategic partner in bringing SaaS to market to customers. Equinix offers go-to-market scale and expertise with access to significant number of co-located and cloud customers including the Fortune 1000.
-In June 2017 Fortanix announced $8M in Funding
-In September 2017 Fortanix launched it's Runtime Encryption with Intel SGX
-In January 2018 Fortanix launched a global Channel Partner program
-In April 2018 Fortanix was named Runner Up, in the 2018 RSA Innovation Sandbox Competition
-In May 2018 Fortanix was named one of Gartner's Cool Vendors
Of the following measures of success, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2017? Overall Innovation