Virtru, a Washington DC-based provider of encryption and data protection to thousands of organizations around the world, secured $29m in Series A financing.
The round was led by Bessemer Venture Partners (BVP) with New Enterprise Associates (NEA), Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, and Blue Delta Capital also participating.
The company will use the capital to scale operations worldwide, build new products to protect all types of data, and extend its Software Development Kits (SDKs) and Application Program Interfaces (APIs) for software developers.
Launched in 2014, Virtru integrates encryption, access control, and data loss prevention (DLP) into tools like Gmail, Google Drive, and Microsoft Outlook to eliminate longstanding barriers and protect individual and business privacy. The company’s patented technologies include full-text search of encrypted content and the ability to use existing identity for authentication — ensuring that customers no longer need to trade privacy for convenience.
Virtru now provides email and file encryption to more than 4,000 organizations around the world to meet regulatory requirements or protect intellectual property, customers in media, entertainment, government, healthcare, financial services and manufacturing.