Virtru, a provider of encryption and data protection to organizations around the world, announced that it has secured $29 million in Series A financing.
The sizeable round was led by Bessemer Venture Partners with New Enterprise Associates, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, and Blue Delta Capital also participating in the round.
Based in Washington, DC, Virtru says it will use the capital to scale operations worldwide, build new products to protect all types of data, and extend its Software Development Kits and Application Program Interfaces for software developers.
Launched in 2014, Virtru is founded on the belief that privacy is a basic human right. By integrating encryption, access control, and data loss prevention into tools like Google Drive and Microsoft Outlook, Virtru eliminates barriers to protecting individual and business privacy.
“As we share our personal information with banks, doctors, schools, employers, and governments, our individual privacy depends upon their security,” said BVP Partner David Cowan. “The success of Virtru’s email and file protection offerings show that they’re setting the new standard for business privacy.”
To help drive the company’s enterprise growth strategy, Wayne Jackson, CEO of Sonatype and former CEO of Sourcefire, will join the company’s Board of Directors.
“We’ve always been about making it easy for people to take back control of their private information, on their terms and without unnecessary complexity,” said John Ackerly, CEO and Co-Founder of Virtru. “With the new funding and the support of best security and privacy investors and operators in the industry, we will take our mission to more businesses, software developers and individuals around the world.”