Companies spend more money on security products every year. And yet breaches are getting bigger and more costly. “It’s the biggest macro failure in investing ever,” said Intel’s Jim Gordon.
“We joke that our goal is to have the CIA run sensitive applications in China on Ali Cloud,” using Fortanix security software, CEO Ambuj Kumar says.
Fortanix’s key management and secuity software ensures that even cloud providers don’t have access to the customer’s encrypted data.
The encryption software only runs on Intel hardware now, but the startup isn’t ruling out support for other vendors in the future.