IIT alumni's US-based startup raises $90 mn in funding round

Fortanix Inc, a US-based data security startup founded by IIT graduates, has raised $90 million in its Series C funding round led by Goldman Sachs Group Inc fund. The round also saw participation from Giantleap Capital and existing investors such as Intel Capital. The startup was founded in 2016 by IIT Kanpur alumni Ambuj Kumar and Anand Kashyap.