The growth funding was raised by Virtru in Washington DC.
ICONIQ Growth led the round, with new investor Foundry Capital joining in. Other participants included Tiger Global and MC2, Bessemer Venture Partners, and New Enterprise Associates. Michael Chertoff (ex-Secretary of the Department of Homeland Security) and Jon Ein (CEO of Foundry Capital) will be joining Virtru’s board of directors.
The company plans to use the funds for faster delivery of data protection products and to continue scaling its sales and marketing, research, development and customer success hiring.
John Ackerly, CEO of Virtru, is the company’s chief executive officer. Virtru offers a data protection platform that allows users to keep control over where and how data is stored. Virtru is used worldwide by over 7,000 customers to protect their most sensitive data according to the strictest security standards. The company is the creator of TDF (Trusted Data Format), an open industry standard for persistent protection. It provides encryption technology for data that is shared via email, collaboration tools, and enterprise SaaS apps.