Virtru

Virtru

Cybersecurity solutions for data protection and privacy

About Virtru

Simplify's Rating
Why Virtru is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Cybersecurity

Company Size

51-200

Company Stage

Series C

Total Funding

$131.8M

Headquarters

Washington, District of Columbia

Founded

2012

Overview

Virtru specializes in data protection and privacy solutions, providing a platform for secure data sharing, storage, and analysis throughout its lifecycle. Its main feature, the Trusted Data Format (TDF), allows users to maintain control over their data, ensuring it remains protected and accessible only to authorized individuals, regardless of where it is stored or shared. Virtru serves over 20,000 organizations across various sectors, including healthcare, finance, government, and education, helping them comply with regulations and protect against data breaches. Unlike many competitors, Virtru offers a suite of developer tools that can be integrated into existing systems, allowing organizations to embed data protection directly into their applications. The company's goal is to enable secure data sharing while ensuring compliance with privacy regulations, generating revenue through subscription fees and licensing agreements.

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Simplify's Take

What believers are saying

  • Increased demand for zero-trust security solutions boosts Virtru's market potential.
  • Recognition through multiple awards enhances Virtru's credibility and client attraction.
  • Expansion in the public sector indicates strategic growth and new opportunities.

What critics are saying

  • Potential over-reliance on Google Cloud could pose risks if partnership dynamics change.
  • Departure of key figure Rob McDonald might impact product development momentum.
  • Rapid public sector expansion increases exposure to regulatory scrutiny and compliance challenges.

What makes Virtru unique

  • Virtru's Trusted Data Format offers persistent data protection across all storage and sharing platforms.
  • The company provides seamless integration with Google Workspace, enhancing data security for users.
  • Virtru's solutions are trusted by over 20,000 organizations across various industries.

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Funding

Total Funding

$131.8M

Above

Industry Average

Funded Over

6 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$60M
Virtru
$62M
SeatGeek
$100M
Oura

Benefits

Hybrid Work Options

Unlimited Paid Time Off

Home Office Stipend

Professional Development Budget

Company Social Events

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
GlobeNewswire
Oct 10th, 2024
Virtru Wins CyberSecurity Breakthrough Award for Third Consecutive Year

Virtru wins CyberSecurity Breakthrough award for third consecutive year.

CIO First
Oct 4th, 2024
Cytracom Appoints Rob McDonald as Chief Product Officer to Scale Innovation and Expand Growth

McDonald joins Cytracom from Virtru, where he played a key role in product development and innovation.

JLL
Jul 19th, 2024
Tech company Virtru partners with JLL to create vibrant DC headquarters

Tech company Virtru partners with JLL to create vibrant DC headquarters.

GlobeNewswire
Jul 9th, 2024
Bessemer Venture Partners' Janelle Teng Joins Virtru'S Board Of Directors

WASHINGTON, July 09, 2024 (GLOBE NEWSWIRE) -- Virtru today announced the appointment of Janelle Teng, Vice President at Bessemer Venture Partners , a San Francisco-based venture capital firm, to its Board of Directors.Teng brings a wealth of experience accelerating high-growth stage companies, with deep knowledge of the ever-evolving SaaS and data infrastructure market. A Stanford graduate, she also achieved an MBA at Harvard Business School.“Virtru’s value proposition and data-centric solutions benefit organizations across a wide range of commercial and government markets, which makes this particularly exciting for me,” said Teng. “As organizations continue to mature in their adoption of zero-trust security architectures, they inevitably see the need to not only safeguard data stored within the enterprise, but also data that is shared externally. As the era of zero trust security unfolds, Virtru is well-positioned to capitalize on the trend of IT teams beginning to shift a portion of their focus away from traditional perimeter-centric controls, and closer to the data itself.”“Janelle is a trailblazer in the enterprise software space and we’re very lucky to have her on our Board,” said John Ackerly, CEO and Co-Founder of Virtru. “Her expertise will be hugely beneficial as we continue our mission to empower organizations to activate the value of their sensitive data through granular access control and zero trust sharing. Janelle shares our vision of a more secure world and we look forward to expanding our relationship with her and Bessemer Venture Partners.”This is the second board announcement from Virtru in 2024, with Tiffany Gates also joining

GlobeNewswire
Apr 9th, 2024
Virtru Wins Two 2024 Google Cloud Partner Of The Year Awards In Industry Solution - Technology

WASHINGTON, April 09, 2024 (GLOBE NEWSWIRE) -- Virtru today announced it is the recipient of two coveted Google Cloud Partner of the Year Awards for 2024, honoring organizations for outstanding innovation, collaboration, and dedication to customer success. Virtru was selected as the winner in two categories:Industry Solution - Technology Partner of the Year: EducationIndustry Solution - Technology Partner of the Year: GovernmentThese awards highlight Virtru’s partnership and support of Google Cloud and Google Workspace customers in the public sector, higher education, and K-12 verticals. Shared Google and Virtru customers include Brown University, Williams College, Newfield Central School District in New York, and the Air Force Research Laboratory. Virtru’s solutions integrate seamlessly and securely with Gmail and Google Drive and enable customers to easily apply and enforce granular policy and access controls on secure sensitive data that is commonly shared with external partners.Furthermore, for organizations adopting Google Workspace’s Client-Side Encryption (CSE) services, the Virtru Private Keystore offers a simple way to manage related encryption keys. Together, CSE and Virtru make it possible for customers to store sensitive data in Google Workspace without sacrificing privacy or surrendering control of their data to Google Cloud or anyone else.Earlier this year Virtru completed the migration of its SaaS applications from Amazon Web Services to Google Cloud and announced an expanded partnership with Google Cloud.“The Virtru team is elated to receive this recognition, as it represents another milestone in our long and rich history of partnering with Google Cloud,” said John Ackerly, CEO and Co-Founder of Virtru. “Google Cloud’s support and collaboration has been incredibly beneficial towards our mission to empower organizations to activate the value of their sensitive data through granular access control and zero trust sharing

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