Virtru Closes $60M Financing Round


Virtru, a Washington, DC-based data protection company, raised $60M in Growth funding.

The round was led by ICONIQ Growth and new investor Foundry Capital with participation from Tiger Global, MC2, Bessemer Venture Partners and New Enterprise Associates. Michael Chertoff, former Secretary of the Department of Homeland Security and co-founder and executive chairman of MC2, and Jon Ein, CEO of Foundry Capital, will join Virtru’s board of directors.

The company intends to use the funds to accelerate the delivery of new products across its data protection portfolio  and continue to scale with hiring across sales and marketing, research and development, and customer success.

Led by John Ackerly, CEO, Virtru provides a data protection technology platform which enables users to maintain control, everywhere data is stored and shared. Virtru is used by more than 7,000 global customers to safeguard their most sensitive data in accordance with the world’s strictest security standards. Creators of TDF (Trusted Data Format), the open industry standard for persistent data protection, the company provides encryption technology for data shared through email, collaboration tools, cloud environments, and enterprise SaaS applications.