What is Virgil Security?
Virgil Security offers a suite of security products designed to protect sensitive data and communications. Their core offerings include E3Kit for end-to-end encryption, PureKit for data and password protection, and IoTKit for secure development in the Internet of Things sector. The company also provides a secure communications platform for chat and voice applications. By targeting industries such as healthcare, finance, automotive, and IoT, Virgil Security assists clients in meeting stringent regulatory compliance requirements like HIPAA and GDPR, ensuring robust data protection.
How much funding has Virgil Security raised?
Virgil Security has raised a total of $5.4M across 4 funding rounds:
Other Financing Round
$75K
Angel/Seed
$525K
Other Financing Round
$800K
Series A
$4M
Other Financing Round (2014): $75K with participation from Mach37, Gaige Paulsen, and Anna Widenius
Angel/Seed (2015): $525K led by Panther Angels and NextGen Venture Partners
Other Financing Round (2015): $800K supported by Bloomberg, Panther Angels, Georgia Weidman, NextGen Venture Partners, Vadim Polikov, Inner Loop Capital, Justin Label, Pam Sapyta, and JP Bourget
Series A (2016): $4M featuring Bloomberg, Sparkland Capital, KEC Ventures, Panther Angels, Charge Ventures, Baltimore Angels, Blu Venture Investors, Working Lab Capital, Dingman Center Angels, NextGen Venture Partners, Matt Grimm, and Ray Rothrock
Key Investors in Virgil Security
Bloomberg
Bloomberg Media is a global business news and information organization that connects leaders with news, data, and insights. They operate one of the largest business news organizations globally, covering markets, politics, technology, finance, and global economic developments.
Sparkland Capital
Sparkland Capital is an early-stage venture capital firm based in Silicon Valley that invests in frontier technology and visionary leaders, focusing on sectors such as Cyber Security, Blockchain, VR/AR, AI/Robotics, and Enterprise Services.
KEC Ventures
KEC Holdings engages in a broad range of investment activities, investing in everything from early-stage technology startups to late-stage private equity transactions and pre-IPO private placements.
What's next for Virgil Security?
The substantial enterprise-level funding suggests Virgil Security is poised for significant scaling and market expansion. This strategic investment will likely fuel further development of their encryption technologies, enhance their cross-platform capabilities, and broaden their reach into regulated industries. The company's focus on developer-friendly libraries and minimal code integration positions them to capitalize on the increasing demand for secure application development.
See full Virgil Security company page
