WireWheel, an Arlington, Va.-based data privacy technology company, raised $20m in Series B financing.
The round was led by ForgePoint Capital with participation from existing investors New Enterprise Associates, Revolution’s Rise of the Rest Fund, PSP Growth, Grotech and Sands Capital Ventures, bringing total capital raised by the company to $45m. In conjunction with the funding, Andrew McClure of ForgePoint Capital will join WireWheel’s board of directors.
The company intends to use the funds to speed its go-to-market plans and extend its development efforts.
Led by Justin Antonipillai, Founder and CEO, WireWheel provides a SaaS Platform that supports full cycle global privacy management for organizations large and small. The company’s Privacy Operations Manager automates data discovery, inventories, privacy assessments, incident management, and privacy compliance throughout a company and its partner and vendor ecosystem. The Trust Access and Consent product enables consumer controls and access to their data. Through these offerings, companies comply quickly with global privacy laws, like the European GDPR and California CCPA.
In the last year, WireWheel released the Developer Portal to enable technology-driven companies to build privacy and data protection directly into their products and launched the Spokes Privacy Technology Conference, to offer free access to the privacy knowledge and training; and made its enterprise-grade privacy and data protection infrastructure available for every startup and SMB through its “Essentials” offering.