INSUBCONTINENT EXCLUSIVE:
Virtru, the security startup that came out of research at the NSA, announced a $37 million Series B financing round today led by Iconiq
Capital.The company also announced the formation of Virtru Labs, an entity to be led by company co-founder and CTO Will Ackerly
industry standard for exchanging data securely in a similar manner that PDF developed into a standard way of exchanging documents.CEO and
co-founder John Ackerly (and brother of Will) says this has been a goal since the earliest days of the company and starting the lab is one
of the reasons they wanted to raise this round
TechCrunch.They believe by investing time and dollars to get third parties to adopt the TDF and adopting all tiers of this data format, it
offers tools for end-to-end email encryption in G-Suite and Office 365, but they hope to expand to file sync and share applications and chat
They also want to promote technical partnerships through the SDK they launched earlier this year
their products, while tripling revenue (they did not provide an exact figure).Ackerly says one of the reasons for this growth is an
increasing desire on the part of users to have a trust mechanism for sharing information online
We are in a crisis of trust as a society and Virtru has always taken the approach of partnering closely because these workflows matter to
expects that to grow by around 50 percent over the coming year as they move into new markets, grow the lab and expand channel and partner
support.The round was led by Iconiq Capital with participation from returning investors Bessemer Venture Partners, New Enterprise
Associates, Samsung, Blue Delta Capital, and Soros Capital
