Virgil Security, Inc., a Manassas, Virginia-based application security company that provides cryptographic software for developers, closed a $4m Series A funding round.
The round was led by KEC Ventures, with participation from Bloomberg Beta, Blu Venture Investors, Charge Ventures, NextGen Venture Partners, Sparkland Capital, and Working Lab Capital as well as individual investors Ray Rothrock, Matt Grimm, and members of Baltimore Angels, Dingman Center Angels, and Panther Angels.
The company intends to use the funds to further accelerate the market adoption of the technology, expand the developer evangelism and sales team, and to extend its technology into additional vertical markets.
Founded in May 2014 by Michael W. Wellman, CEO, Virgil Security provides a platform for software developers to build cryptographic features, including end-to-end encryption, passwordless authentication, and cryptographic verification of data, devices, and identities, into their products, with no cryptographic training.
Earlier this year, the company has signed a partership with cloud-based communications platform Twilio to enable developers to integrate its end-to-end encryption capabilities into Twilio’s messaging services.
Virgil, which also has offices in Kiev, Ukraine, is a graduate of the the MACH37 Cyber Accelerator’s Fall cohort session in 2014.
FinSMEs
13/10/2016