AAA Fortscale secures funding from CME and UST

Fortscale secures funding from CME and UST

US-based cybersecurity technology developer Fortscale Security received funding from CME Ventures, the corporate venturing arm of derivatives marketplace operator CME Group, and IT services provider UST Global today, taking its total capital to $16m.

Although the amount invested by the corporates was not revealed, Fortscale had previously raised $12m across two rounds, indicating that CME and UST likely invested $4m.

Fortscale focuses on user behaviour analytics used as part of enterprise cybersecurity technology. The latest funding will support the implementation of sales and marketing campaigns.

The company previously secured $2m in a seed round backed by private equity investor Swarth Group before securing $10m from Intel Capital, Intel’s corporate venturing unit, and Blumberg Capital in June 2014.

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