What is Virtru?
Virtru develops comprehensive data protection solutions designed to safeguard sensitive information through advanced encryption and access management technologies. The company specializes in creating architecture and applications that prevent unauthorized access to confidential data while maintaining user privacy and organizational control. By implementing end-to-end encryption protocols, Virtru ensures that data remains protected throughout its lifecycle, from creation through transmission and storage. The platform delivers granular access controls that enable organizations to define precisely who can view, share, and interact with sensitive information. This capability extends beyond traditional security measures by allowing administrators and users to maintain ongoing control over data even after it has been shared. Virtru's approach addresses a critical gap in data protection by shifting control from passive security infrastructure to active, user-managed oversight. A distinguishing feature of Virtru's offering is the customer-hosted keys model, which ensures that encryption keys remain under the direct control of the organization rather than being managed by third parties. This architecture provides organizations with complete autonomy over their cryptographic infrastructure while maintaining the security benefits of enterprise-grade encryption.
How much funding has Virtru raised?
Virtru has raised a total of $188.8M across 7 funding rounds:
Debt
$4.3M
Unspecified
$6M
Series A
$29M
Series B
$37.5M
Debt
$2M
Unspecified
$60M
Series D
$50M
Debt (2013): $4.3M, investors not publicly disclosed
Unspecified (2014): $6M led by Bessemer Venture Partners
Series A (2016): $29M supported by Quadrant Capital Advisors, New Enterprise Associates, Blue Delta Capital, Soros Fund Management, Bessemer Venture Partners, and Haystack Partners
Series B (2018): $37.5M featuring Soros Capital, Blue Delta, Samsung NEXT, ICONIQ Capital, and Thyra Global Management
Debt (2020): $2M backed by PPP
Unspecified (2022): $60M with participation from MC2, Bessemer Venture Partners, New Enterprise Associates, and Tiger Global Management
Series D (2025): $50M led by Bessemer Venture Partners, Foundry, ICONIQ Capital, and The Chertoff Group
Key Investors in Virtru
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is a venture capital firm. The firm has offices in San Francisco, Redwood City, New York City, Boston, Israel, and India. It was established in 1911 as Bessemer Securities. It's headquarters is at Menlo Park, California, US.
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
What's next for Virtru?
With its recent major strategic investment and substantial overall funding, Virtru is well-positioned for accelerated growth and innovation in the data protection sector. The company's focus on advanced encryption, granular access controls, and a customer-hosted keys model addresses critical enterprise needs for data security and privacy. This capital will likely be deployed to enhance its product offerings, expand its market reach, and further solidify its position as a leader in safeguarding sensitive information. Virtru's trajectory suggests a continued emphasis on empowering organizations with robust, user-centric data control mechanisms, anticipating future demands for secure data management in an increasingly complex digital landscape.
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