In the News
GiantLeap Capital Invests in Membrion to Accelerate Growth in Company's Water Technology Platform
NEW YORK, Jan. 20, 2023 /PRNewswire/ -- GiantLeap Capital, a tech-focused private investment firm focused on partnering with companies developing technologies that are transforming critical industries, today announced that it has invested in a Series B funding of Membrion, a water technology company focused on the commercialization of ceramic desalination membranes.
Membrion develops and manufactures next-generation ceramic desalination membranes that can recover up to 98% of water in the harshest conditions. Membrion's flexible, ceramic ion exchange membranes open up endless opportunities for cost-efficient water recovery, allowing manufacturers across a number of critical industries to recycle water more sustainably. Membrion's customers include leading global companies in energy, semiconductor, transportation, and food & beverage industries.
"We are keenly focused on environmental technologies that can make a meaningful environmental and economic impact across many critical industries. Membrion's ceramic membranes provide efficiencies and the flexibility that are applicable across multiple critical industries along with a business model that can scale and grow," said Himanshu Sekhar, Co-Founder and Managing Partner at GiantLeap. "I look forward to joining Membrion's Board and helping the company grow through GiantLeap's proprietary value creation programs and industry relationships."
"We are excited to have GiantLeap Capital as a valuable financial and strategic partner as we lay the foundation for our next stage of growth. Membrion has a strong and growing number of Fortune 500 companies as customers who are seeing substantial ROI and environmental benefits using our technology," said Membrion's CEO, Greg Newbloom. "GiantLeap's strategic and operational resources will strengthen our partnerships and our world-class team, positioning us for even greater expansion. I look forward to leveraging GiantLeap's extensive private and public company networks and their proprietary value creation and ESG programs as we continue to grow."
"Impact and climate investing are key areas of focus for GiantLeap. We view water infrastructure as one of the most critical areas where technological innovation can have a tremendous economic and social impact. The Membrion team has built a business with an strong value proposition in the water-tech sector," said Samir Parikh, Co-Founder and Managing Partner at GiantLeap. "We look forward to working with PureTerra and Membrion as the company continues to expand their mission-critical technology in this increasingly important ESG segment."
About GiantLeap Capital
GiantLeap Capital is a recently launched tech-focused, structured growth equity platform. GiantLeap Capital is focused on leveraging emerging technologies to rapidly scale companies providing mission-critical products and services. The firm takes a long-term, thematic approach to provide value-oriented, flexible capital focused on private markets and opportunistic special situations. For more information, visit https://www.giantleapcapital.com.
About Membrion
Membrion manufactures ceramic desalination membranes that can recover up to 98% of water in the harshest conditions. Membrion's flexible, ceramic ion exchange membranes generate endless possibilities for water recovery, allowing manufacturers to recycle water at previously inaccessible pH ranges and with challenging trace chemicals. The membranes that Membrion creates are low fouling, require less cleaning, are oxidizer resistant, have ultra-low pH stability, and are economical. For more information, visit www.membrion.com.
GiantLeap Capital Invests in Fortanix alongside Goldman Sachs to Accelerate Growth in Company's Data First Cybersecurity and Privacy Software Platform
NEW YORK, Sept. 20, 2022 /PRNewswire/ -- GiantLeap Capital, a fundamental, research-driven private investment firm, focused on partnering with companies at the convergence of physical and digital infrastructure, today announced that it has invested in Series C funding of Fortanix, the leader in confidential computing cybersecurity market.
Fortanix, the pioneering data-first, multi-cloud security company, helps businesses secure private data by leveraging confidential computing and cryptographic services as they migrate to public clouds such Amazon's AWS, Google Cloud, and Microsoft Azure. Its disruptive technology, backed by strong IP, provides an elegant approach to secure data, wherever it is. Fortanix also allows organizations to credibly conform to privacy laws and regulatory requirements including GDPR, Schrems II, HIPAA, PCI, ITAR, and others.
"Privacy regulations and data breaches are driving the need for data-first security in public and multicloud environments. Fortanix provides enterprises across multiple critical industries a comprehensive data security platform that can seamlessly bridge private, public, hybrid, and multi-cloud environments to prevent data breaches and comply with continually evolving global privacy regulations. We believe Fortanix has tremendous revenue growth opportunity ahead of it by pioneering fourth pillar of modern enterprise security along with identity, endpoint, and network security," said Himanshu Sekhar, Co-Founder and Managing Partner at GiantLeap.
As the industry's first and largest provider of confidential computing solutions, Fortanix decouples data security from network infrastructure to keep data secure even when the infrastructure has been compromised. Fortanix solutions further empower organizations with centralized controls to secure data spread across clouds, applications, SaaS, databases, and data centers. Over a hundred enterprises worldwide, especially in privacy-sensitive industries like healthcare, financial services, government, aerospace, and manufacturing, trust Fortanix for data security and privacy.
"GiantLeap Capital will be a valuable strategic partner to Fortanix as we lay the foundation for our next stage of growth. We have a strong and growing number of Fortune 500 companies and U.S. government agencies as customers who trust us to deliver security solutions needed to protect their most critical data," said Fortanix's CEO, Ambuj Kumar. "GiantLeap's strategic and operational resources will strengthen our partnerships and our world-class team, positioning us for even greater expansion. I look forward to leveraging GiantLeap's extensive private and public company relationships and their proprietary value creation (S.T.E.P.S.) and ESG (S.E.E.D.S.) programs as we continue to grow."
"The Fortanix team has built a business with an unrivaled value proposition to companies in our most critical industries including financial services, healthcare, and government & defense," said Samir Parikh, Co-Founder and Managing Partner at GiantLeap. "We look forward to working with Goldman Sachs and the Fortanix team as they continue to expand their mission-critical security services in this increasingly important cybersecurity segment."
About GiantLeap Capital
GiantLeap Capital is a next generation private investment firm focused on investing in technologies that are transforming critical industries at the convergence of physical and digital infrastructure. The firm takes a long-term, thematic approach to provide flexible capital focused on idiosyncratic investment opportunities across growth stages. For more information, please visit https://www.giantleapcapital.com/
About Fortanix
Fortanix secures data, wherever it is. Fortanix helps businesses of all sizes to modernize their data security solutions on-premises, in the cloud and everywhere in-between. Enterprises worldwide, especially in privacy-sensitive industries like healthcare, fintech, financial services, government, and retail, trust Fortanix for data security, privacy and compliance. Fortanix investors include Goldman Sachs, Foundation Capital, Intel Capital, GiantLeap Capital, In-Q-Tel, and Neotribe Ventures. Fortanix is headquartered in Mountain View, CA. For more information, please visit https://www.fortanix.com/