Virtru, a Washington, DC-based provider of end-to-end data protection and data privacy solutions to more than 8,000 organizations, held the initial closing of a $37.5m Series B financing.
The round was led by Iconiq Capital with participation from returning investors Bessemer Venture Partners, New Enterprise Associates, Samsung NEXT, Blue Delta Capital, Thyra Global, and Soros Capital. In conjunction with the funding, Will Griffith, Partner at Iconiq Capital, joined Virtru’s Board of Directors.
The company intends to use the funds to expand email and file data protection solutions, scale operations, expand internationally, and establish the Trusted Data Format as the world’s common open standard to protect data.
Led by John Ackerly, CEO, Virtru provides data privacy solutions that allow enterprises and government agencies to secure and share sensitive data while maintaining control over who can access their regulated content, intellectual property, personal information governed by GDPR, and other sensitive information.
Its patented Secure User-First Technology allows users anywhere, on any device, to work without requiring a separate log-in, user interface or application.