Fortyx: A New Frontier in Cybersecurity
Deal News | Mar 30, 2025 | Antler Innovation Pte Ltd
The article discusses how traditional cybersecurity measures are becoming obsolete amidst the rise of AI-powered cyber threats, emphasizing the need for proactive real-time interventions to prevent attacks. Fortyx, a company re-defining cybersecurity with an AI assistant named Xander, focuses on real-time monitoring and user advisories to mitigate risk. The firm’s co-founders, Parvez Alam Kazi and Tom Giligan, offer extensive expertise and have already shown rapid execution by conducting over 150 customer interviews and partnering with educational institutions. Their work attracts attention, even as global cybersecurity spending is expected to exceed $200 billion by 2025. Antler Innovation Pte Ltd articulates its investment thesis centered on Fortyx's innovative approaches and the urgency of evolving cybersecurity strategies.
Sectors
- Cybersecurity
- Artificial Intelligence
- Financial Services
Geography
- EU – The article references the EU's Network and Information Security 2 Directive (NIS 2), emphasizing the geographical relevance of regulatory frameworks on cybersecurity practices.
- UK – Tom Giligan's experience leading security teams in the UK contributes to the geographic pertinence of the article in relation to cybersecurity.
- US – Tom Giligan's experience leading security teams in the US adds to the geographic relevance of the article in the context of cybersecurity expertise.
Industry
- Cybersecurity – The article highlights Fortyx's innovative cybersecurity solutions, emphasizing real-time interventions to prevent attacks and improve security measures.
- Artificial Intelligence – Fortyx uses AI-driven technology to create their cybersecurity solutions, focusing on proactive real-time monitoring and user advisories.
- Financial Services – Parvez Alam Kazi's previous experience with developing financial data infrastructure at Morgan Stanley lends relevance to a link between cybersecurity and financial services.
Financials
- $200 billion – Projected global cybersecurity spending by 2025.
- $100 million – Scale-up value of Domin, the company where Parvez spearheaded cybersecurity initiatives.
- $2.8 million – Grant funding previously raised by Parvez Alam Kazi for AI product development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fortyx | Target Company | Company | A company developing AI-driven cybersecurity solutions aimed at proactive real-time threat intervention. |
| Antler Innovation Pte Ltd | PE Firm | Company | A private equity firm that has invested in Fortyx, emphasizing the potential of AI-driven solutions in cybersecurity. |
| Parvez Alam Kazi | Co-Founder, CEO | Person | Co-Founder and CEO of Fortyx, with extensive experience in high-stakes security and AI. |
| Tom Giligan | Co-Founder, CTO | Person | Co-Founder and CTO of Fortyx, experienced in cybersecurity architecture and enterprise-scale solutions. |
| Morgan Stanley | Past Employer of Parvez Alam Kazi | Company | A global financial services firm where Parvez gained experience in building financial data infrastructure. |
| Domin | Previous Employer | Company | A hardware scale-up where Parvez spearheaded cybersecurity initiatives. |
| Cisco | Past Employer of Tom Giligan | Company | A technology conglomerate where Tom Giligan gained experience in cybersecurity solutions. |
| G Research | Past Employer of Tom Giligan | Company | A firm where Tom led counter-insider threat efforts. |