About TrueFort
TrueFort is a company based in Weehawken (United States) founded in 2015 by Sameer Malhotra and Nazario Parsacala.. TrueFort has raised $43.7 million across 3 funding rounds from investors including Ericsson, Canaan and Shasta Ventures. The company has 37 employees as of December 31, 2022. TrueFort offers products and services including Microsegmentation, Service Account Protection, File Integrity Monitoring, and Workload Hardening. TrueFort operates in a competitive market with competitors including Contrast Security, Prevoty, Arxan, Sqreen and Jscrambler, among others.
- Headquarter Weehawken, United States
- Employees 37 as on 31 Dec, 2022
- Founders Sameer Malhotra, Nazario Parsacala
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cix Software Incorporated
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43.7 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Sep 08, 2021
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Investors
Ericsson
& 5 more
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Employee Count
37
as on Dec 31, 2022
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Products & Services of TrueFort
TrueFort offers a comprehensive portfolio of products and services, including Microsegmentation, Service Account Protection, File Integrity Monitoring, and Workload Hardening. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Limits network traffic to isolate application compromises
Monitors and controls service account behavior
Detects changes to critical files for security
Ensures systems meet standards like CIS benchmarks
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Funding Insights of TrueFort
TrueFort has successfully raised a total of $43.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $30.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - TrueFort | Valuation | Shasta Ventures | |
| Jun, 2019 | Amount | Series A - TrueFort | Valuation | Evolution Equity Partners | |
| Jun, 2016 | Amount | Unspecified - TrueFort | Valuation | Emerald Development Managers |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TrueFort
TrueFort has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Ericsson, Canaan and Shasta Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in early stage startups
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Growth-stage tech companies are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TrueFort
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TrueFort
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truefort Comparisons
Competitors of TrueFort
TrueFort operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Contrast Security, Prevoty, Arxan, Sqreen and Jscrambler, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Application self-protection is delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
Runtime web application security is delivered as a cloud-based service.
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| domain | founded_year | HQ Location |
AI-powered DevSecOps solutions are provided for software delivery.
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| domain | founded_year | HQ Location |
Cloud-based threat detection is offered for web applications.
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| domain | founded_year | HQ Location |
Cloud-based JavaScript protection and web monitoring solutions are delivered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truefort
Frequently Asked Questions about TrueFort
When was TrueFort founded?
TrueFort was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is TrueFort located?
TrueFort is headquartered in Weehawken, United States. It is registered at Weehawken, New Jersey, United States.
Who is the current CEO of TrueFort?
Sameer Malhotra is the current CEO of TrueFort. They have also founded this company.
Is TrueFort a funded company?
TrueFort is a funded company, having raised a total of $43.7M across 3 funding rounds to date.
How many employees does TrueFort have?
As of Dec 31, 2022, the latest employee count at TrueFort is 37.
What does TrueFort do?
TrueFort was founded in 2015 in Weehawken, United States, within the cybersecurity sector. Application security solutions are delivered through products such as TrueFort Analytics and TrueFort Protect. Machine learning is employed to establish application policies for virtual segmentation and to identify behavior anomalies, insider threats, and advanced persistent threats. Capabilities encompass real-time data streaming, risk assessment, and risk posture management.
Who are the top competitors of TrueFort?
TrueFort's top competitors include Contrast Security, Jscrambler and Sqreen.
What products or services does TrueFort offer?
TrueFort offers Microsegmentation, Service Account Protection, File Integrity Monitoring, and Workload Hardening.
Who are TrueFort's investors?
TrueFort has 6 investors. Key investors include Ericsson, Canaan, Shasta Ventures, Evolution Equity Partners, and Lytical Ventures.
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