Summary:
- Virtru, a data-centric security company based in Washington, DC, raised $50 million in funding led by ICONIQ.
- The funding will be used to accelerate growth, expand protection for sensitive data, and scale solutions for defense and critical infrastructure partners.
- Virtru’s solutions, based on the Trusted Data Format (TDF), provide data-centric security for organizations in both public and private sectors.
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Virtru, a prominent player in the field of data-centric security and the creator of the Trusted Data Format (TDF), recently announced a significant milestone by securing $50 million in funding. This funding round, led by ICONIQ and joined by Bessemer Venture Partners, Foundry, and The Chertoff Group, has effectively doubled Virtru’s valuation to $500 million. The company has outlined ambitious plans for the utilization of these funds, focusing on accelerating growth across various sectors and promoting the global adoption of TDF. Additionally, the funding will enable Virtru to enhance protection for sensitive AI and analytics workflows and develop critical solutions for defense and vital infrastructure partners.
Under the leadership of CEO and Co-Founder, John Ackerly, and Chief Architect and Co-Founder, Will Ackerly, Virtru has established itself as a trusted provider of data-centric security solutions. Their innovative approach, underpinned by the TDF, ensures that organizations can maintain control over their data wherever it is stored or shared. With a client base of over 6,000 organizations spanning the public and private sectors, including major entities like JPMorganChase, Equifax, and the U.S. Department of Defense, Virtru has proven its efficacy in safeguarding sensitive information.
As Virtru continues to push boundaries in the realm of data security, this recent funding injection signifies a new chapter of growth and innovation for the company. By prioritizing the development of cutting-edge solutions and expanding their reach across diverse sectors, Virtru is poised to solidify its position as a leader in the ever-evolving landscape of cybersecurity.
