News Column

United States : VIRTRU raises $6M to expand its encryption services

June 19, 2014



Virtru, the only encryption software company that enables users to revoke emails, prevent forwards, and set expiration dates, has declared a $6 million round of funding led by Bessemer Venture Partners (BVP), bringing the total raised to $10.3 million. The email encryption startup introduced by former NSA cryptographers will use the capital to extend Virtru's platform support and deliver new features for consumers and businesses.

Virtru's mission is to bring end-to-end encryption to the masses by making it simple to install and seamless to use from inside any email service, including Gmail, Yahoo Mail, Outlook and Mac Mail. Launched in January, Virtru is the only privacy tool that empowers individuals or enterprises to encrypt attachments, revoke messages, restrict forwarding and set expiration dates. These features can be activated even after the messages have already been sent to users of different email systems.

"Because it's so complex to securely manage encryption keys, nearly all of the world's 180 billion daily emails are sent completely unprotected, despite the relentless loss of private messages and files that haunts us all," noted BVP Partner David Cowan. "Bessemer set out to find a simple, user-friendly solution, and so I was delighted to discover a brilliant team with the right vision, crypto skills, and unwavering commitment to privacy."

Cowan, who co-founded cyber security companies VeriSign, Good Technology and Defense.net, will join Virtru's board of directors. The company also declared that Authentic8 CEO Scott Petry, who founded the email security company Postini, will also join Virtu as a board member. In addition, the company is adding Wayne Jackson, CEO of Sonatype and former CEO of Sourcefire, to its board of advisors to help guide the company's enterprise growth strategy.

"Virtru empowers people and businesses to take back control of their private information on their terms and without unnecessary cost or complexity,"said John Ackerly, CEO and Co-Founder of Virtru. "BVP's unparalleled track record in commercializing cyber security for individuals, enterprises and governments convinced us that they can help Virtru scale its service to achieve global adoption."


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Source: TendersInfo (India)


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