What is Virtru?
Virtru develops sophisticated data protection solutions, focusing on advanced encryption and granular access management to safeguard sensitive information. The company's architecture ensures data protection throughout its lifecycle, from creation to storage and transmission, by implementing end-to-end encryption protocols. A key differentiator for Virtru is its customer-hosted keys model, which grants organizations complete control over their cryptographic infrastructure, thereby enhancing data autonomy and security. This approach addresses the critical need for robust data privacy and compliance in an increasingly data-driven landscape.
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 Haystack Partners, Soros Fund Management, Bessemer Venture Partners, New Enterprise Associates, Blue Delta Capital, and Quadrant Capital Advisors
Series B (2018): $37.5M featuring Blue Delta, Thyra Global Management, Samsung NEXT, ICONIQ Capital, and Soros Capital
Debt (2020): $2M backed by PPP
Unspecified (2022): $60M with participation from Tiger Global Management, MC2, Bessemer Venture Partners, and New Enterprise Associates
Series D (2025): $50M led by Foundry, Bessemer Venture Partners, ICONIQ Capital, and The Chertoff Group
Key Investors in Virtru
Foundry
The Foundry is a visual effects software development company, suggesting a potential interest in technology-forward companies.
Bessemer Venture Partners
Bessemer Venture Partners is a well-established venture capital firm with a broad investment focus, known for backing technology and growth-stage companies.
ICONIQ Capital
ICONIQ Capital is an investment firm that focuses on technology growth equity and venture capital, indicating a strategic interest in scaling technology companies like Virtru.
What's next for Virtru?
With its latest major strategic investment, Virtru is poised to further enhance its data protection platform and expand its market reach. The company's focus on end-to-end encryption and user-controlled access management aligns with the escalating global demand for data security and privacy solutions. Future growth is likely to involve scaling its operations, advancing its technological capabilities, and potentially exploring new market segments that require stringent data protection measures. The consistent backing from prominent investors suggests a strategic vision for sustained expansion and innovation in the cybersecurity sector.
See full Virtru company page
