What is TrueFort?
Founded in 2015 and headquartered in Weehawken, New Jersey, TrueFort provides a comprehensive platform designed to safeguard organizations against sophisticated cyber threats targeting their business applications. The company's technology aims to offer real-time detection and prevention capabilities, addressing critical vulnerabilities that could otherwise lead to data breaches or operational disruptions. TrueFort's approach is geared towards enterprise clients seeking to enhance their security posture against evolving malicious activities.
How much funding has TrueFort raised?
TrueFort has raised a total of $48M across 4 funding rounds:
Angel/Seed
$4M
Series A
$13.7M
Debt
$350K
Series B
$30M
Angel/Seed (2017): $4M, investors not publicly disclosed
Series A (2019): $13.7M led by Lytical Ventures, Evolution Equity Partners, and Emerald Development Managers
Debt (2020): $350K supported by PPP
Series B (2021): $30M featuring Evolution Equity Partners, Shasta Ventures, Canaan Partners, and Ericsson Ventures
Key Investors in TrueFort
Evolution Equity Partners
Evolution Equity Partners is an international venture capital firm that specializes in cybersecurity investments, partnering with visionary entrepreneurs to build market-leading companies. They support exceptional entrepreneurs at various stages, from seed to growth, and have a diverse portfolio that includes notable companies in the cybersecurity sector.
Shasta Ventures
Shasta Ventures is a leading early-stage venture capital firm that partners with entrepreneurs building great products, specializing in enterprise software startups. Founded in 2004, Shasta Ventures has more than $1B under management and features a portfolio of innovative companies.
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages in areas such as enterprise software and fintech. With billions of dollars under management, Canaan has funded hundreds of startups and supported dozens of IPOs and acquisitions.
What's next for TrueFort?
With its recent major strategic investment and substantial overall capital, TrueFort is poised for accelerated growth and market expansion. The company is likely to leverage this financing to further develop its platform, enhance its threat intelligence capabilities, and scale its sales and marketing operations. This strategic backing suggests a strong market validation for TrueFort's application security solutions and positions the company to capture a larger share of the cybersecurity market, particularly within the enterprise sector.
See full TrueFort company page
