Intel Capital invests in Fortanix and Pliops to beef up cloud infrastructure and security

Intel Capital today announced that it has participated in two investment rounds aimed at strengthening and securing infrastructure around cloud computing. Intel’s VC arm said it led a $23 million investment round for Fortanix that included money from Foundation Capital and Neotribe, bringing the startup’s total raised to $31 million. Fortanix is focused on protecting data by developing a system that keeps applications running in separate enclaves to limit exposure in the event of a hack. “This new funding is a testament to the tremendous growth we’ve already experienced in [the] 18 months since we first launched our product,” said Ambuj Kumar, cofounder and CEO of Fortanix, in statement. The Mountain View-based startup says it will use the money to continue product development and expand internationally.