Dutch startup Fortaegis has closed a $50 million Series A funding round led by Singapore-based Serendipity Capital to commercialize its chip-based security technology. The oversubscribed round included participation from TEL Venture Capital (Tokyo Electron's corporate venture arm) and investors focused on manufacturing, defense, and critical infrastructure. Fortaegis plans to begin commercial manufacturing in 2027 while expanding FPGA production and developing application-specific integrated circuits. The company will use the funding to support production and deployment across the U.S., Europe, Singapore, and Japan.
Company Information
Company
Fortaegis
Location
Amsterdam, North Holland, Netherlands
About
Fortaegis is an Amsterdam-based semiconductor security company founded in October 2023 that uses unique physical properties of silicon chips to generate changing encryption keys not stored on devices. The company's chip-based security technology is designed for AI, defense, telecommunications, and autonomous systems. Fortaegis plans to commercialize field-programmable gate arrays (FPGAs) and application-specific integrated circuits (ASICs) with commercial manufacturing beginning in 2027. The company is working with over 25 companies and governments globally across semiconductor manufacturing, defense, AI infrastructure, and critical industries.
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AmsterdamManufacturingArtificial IntelligenceSecurity