MAVA Member Virtru Closes $29 Million Series A

WASHINGTON, DC–(Marketwired – August 22, 2016) – Virtru, a trusted provider of encryption and data protection to thousands of organizations around the world, today announced that it has secured $29 million in Series A financing led by Bessemer Venture Partners (BVP) with New Enterprise Associates (NEA), Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, and Blue Delta Capital also participating in the round. Virtru will use the capital to scale operations worldwide, build new products to protect all types of data, and extend its Software Development Kits (SDKs) and Application Program Interfaces (APIs) for software developers.

Launched in 2014 and founded on the belief that privacy is a basic human right, Virtru now provides email and file encryption to more than 4,000 organizations around the world. Whether to meet regulatory requirements or protect intellectual property, customers in media, entertainment, government, healthcare, financial services and manufacturing choose Virtru for its revolutionary ease-of-use and powerful security and control features.

Virtru