Virtru

From Wikipedia, the free encyclopedia
Virtru
TypePrivate
Founded2012
FounderJohn Ackerly
Will Ackerly
HeadquartersWashington, DC
ServicesEmail encryption
Websitewww.virtru.com

Virtru is a global data encryption and digital privacy provider founded in 2012. The company is headquartered in Washington, D.C. and has raised more than $76 million to date.

History[]

Co-founded by CEO John Ackerly and his brother and CTO, Will Ackerly, in 2012.[1]

While working in national security, the co-founders experienced the unmet necessity for secure sharing first hand. As a White House policy advisor during 9/11, John saw how secure data sharing and collaboration could have helped connect the dots and save lives. Will spent eight years at the National Security Agency (NSA) where he specialized in cloud analytic and security architecture and experienced similar frustrations with data silos in the intelligence community. During his tenure at the NSA, Will created the Trusted Data Format (TDF)[2] so analysts and operators could confidently share data and collaborate across organizations.[3]

Funding[]

Virtru is privately funded with investments from ICONIQ Capital, Bessemer Venture Partners and other private investors. Iconiq Capital founding partner, Will Griffith, and Bessemer partner David Cowan, co-founder of Verisign, serve on the company’s board of directors. Sonatype CEO and Former CEO at Sourcefire, Wayne Jackson, and Authentic8 CEO, Scott Petry, who founded the email security company Postini, are also Virtru board members.

On August 22, 2016, Virtru announced that it closed a $29 million Series A funding[4] led by Bessemer Venture Partners with New Enterprise Associates, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, and Blue Delta Capital also participating in the round. On May 31, 2018, Virtru announced a $37 million Series B round[5] led by Iconiq Capital with participation from returning investors Bessemer Venture Partners, New Enterprise Associates, Samsung, Blue Delta Capital, and Soros Fund Management.

Product Overview[]

Virtru offers a range of data protection products that provide encryption, access controls, key management, and persistent audit for customers that need to meet privacy and compliance requirements. At the core of Virtru-enabled applications is the open-standard Trusted Data Format (TDF). The TDF is a JSON-encoded data format that employs multiple cryptographic and security techniques to enable secure sharing in ways that are impossible with traditional network-based defenses.

Virtru can be used as an encryption provider for Google Workspace (formerly known as G Suite)[6] and was selected as a member of the Microsoft Accelerator in 2017.

References[]

  1. ^ Castillo, Michael del. "Brothers who worked for the NSA and George W. Bush now defend against snoops". Bizjournals. Retrieved 15 March 2015.
  2. ^ "Ex-NSA Computer Scientist Creates Tool To Let You Take Back Emails". Co.Exist. Retrieved 15 March 2015.
  3. ^ "Former National Security Agency Internet specialist gets funds for e-mail security tool". The Washington Post. Retrieved 15 March 2015.
  4. ^ Perez, Sarah. "Email and file encryption service Virtru, built by ex-NSA engineer, raises $29 million". TechCrunch. Retrieved 22 August 2016.
  5. ^ "Virtru secures $37 million Series B led by Iconiq". TechCrunch. Retrieved 2020-11-10.
  6. ^ Kirk, Jeremy. "Virtru launches business email encryption service for Google Apps". PC World. Retrieved 14 March 2015.
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