WireWheel, an Arlington, Va.-based Software-as-a-Service platform that modernizes global data privacy compliance, closed a $10m Series A funding round.
The round was led by New Enterprise Associates (NEA) and PSP Growth (PSP), with participation from existing and new investors Grotech Ventures, Sands Capital Ventures and Revolution’s Rise of the Rest Seed Fund. In connection with the investment, Dayna Grayson of NEA, and Michael Oleshansky of PSP will join WireWheel’s Board of Directors.
Total capital raised to date stands at $13m.
The company intends to use the funds to further innovate on product capabilities, expand sales and marketing efforts, and launch a partner program.
Founded in late 2016 by CEO, Justin Antonipillai, WireWheel WireWheel uses human-assisted machine learning and integrations into cloud infrastructure and on-premises and cloud data stores to allow companies comply with privacy regulations around the world, including the European General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA).