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- Virsec
Virsec Valuation, Funding & Investors
Virsec is valued at $80M as of March 2018.
Last Virsec valuation
$80M
Series B · Mar 2018
Last Virsec funding round
$100M
Series C · Jul 2021
Cumulative funding Virsec raised
$135M
across 3 funding rounds
Key investors in Virsec
Artiman Ventures
Boston Seed Capital
BlueIO
Sand Hill Angels
Tribeca Venture Partners
Allen & Company
About Virsec
Virsec is a San Jose-headquartered cybersecurity company specializing in runtime application self-protection. Its patented technology enables server workloads to defend themselves continuously by mapping legitimate application behavior and blocking malicious code execution, including zero-day exploits. Deployed across global enterprises, Virsec secures critical software environments and has earned trust from Fortune 100 clients through rigorous validation by government red teams. Founded in 2008, the company maintains offices worldwide to support its protection-first security approach.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$80M (Mar 2018)
Virsec Valuation
Virsec is currently valued at $80M, based on its Series B in March 2018.
The $27M round was led by BlueIO, with participation from Boston Seed Capital, Amity Ventures, Raj Singh and Artiman Ventures.
Virsec valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2018 | Series B | $80M |
Virsec Funding History
Virsec has raised a total of $135M across 3 funding rounds.
Virsec's first fundraising round was a $8M Series A in March 2015. The most recent completed round was a $100M Series C in July 2021.
Virsec funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Series C | BlueIO (lead); Marker Hill Capital; Intuitive Venture Partners; Michael Ruettgers; Tech Square Ventures; Quantum Valley Investments; Sand Hill Angels; Artiman Ventures; JC2 Ventures; Allen & Company; Arena Holdings | $100M | - | Virsec Systems Inc., founded in 2015 and based in San Jose, California, develops an application-aware workload protection platform that secures software at runtime by protecting memory, processes, and application execution in real-time across enterprise applications, legacy apps, cloud workloads, and critical systems. The platform uses 'AppMap' technology to map acceptable application behavior and detect deviations caused by attacks, claiming to eradicate threats instantly without prior knowledge of attacks or reliance on patterns or AI. It provides system integrity assurance, memory protection, and application control, reducing security operations costs. On July 14, 2021, Virsec raised $100 million in a Series C funding round led by BlueIO, with participation from Allen & Company, Arena Holdings, Artiman Ventures, Intuitive Venture Partners, JC2 Ventures, Quantum Valley Investments, Marker Hill Capital, Sand Hill Angels, Tech Square Ventures, and individual investors including former Cisco CEO John Chambers, former EMC CEO Mike Ruettgers, and several ex-government and intelligence officials. This brought total funding to $137 million. Previously, Virsec had raised $37 million, with its last public valuation in 2018 at $80 million post-money. The funds are allocated to hiring more staff, meeting product demand, building customer support, expanding the global team of about 160 people, and pursuing Fortune 500 and government contracts in the U.S. and allied nations. At the time, Virsec had 50 to 100 customers and launched its platform in late 2019, capitalizing on rising cyber threats like SolarWinds to highlight its novel approach over traditional signature-based or AI-driven detection methods. Investors emphasized Virsec's unprecedented, patented technology for runtime protection amid escalating advanced attacks, positioning it in a burgeoning market where every company relies on software security. No financial metrics such as revenue, ARR, EBITDA, post-money valuation, or multiples were disclosed in announcements. |
| Mar 2018 | Series B | BlueIO (lead); Boston Seed Capital; Amity Ventures; Raj Singh; Artiman Ventures | $27M | $80M | Virsec Systems Inc. is a San Jose-based cybersecurity startup founded in 2015 that develops a platform to protect critical application workloads from the inside by safeguarding processes in memory and detecting attacks in real-time. The Virsec Security Platform uses patented AppMap technology to map acceptable application execution, instantly identifying deviations caused by attacks, and is designed to eradicate threats at runtime across enterprise applications, legacy apps, cloud workloads, and critical systems. It claims to reduce security operations costs while stopping sophisticated attacks like memory corruption techniques seen in WannaCry and NotPetya. On approximately March 20, 2018, Virsec closed a $24 million Series B funding round led by BlueIO, with participation from Artiman Ventures, Amity Ventures, Raj Singh, and Boston Seed Capital. The round aimed to develop its novel cybersecurity approach using Trusted Execution technology for deterministic attack detection and blocking within milliseconds. Investors valued the company at $80 million at that time, as publicly noted. The leadership team includes veterans from AMD, Cisco, Palo Alto Networks, Juniper, Dell, and others, with early deployments in critical infrastructure, defense, financial services, and healthcare. Prior to this, Virsec had raised about $37 million total including earlier rounds. Subsequent funding included a $100 million Series C in July 2021 led by BlueIO with investors like Allen & Co., Arena Holdings, Artiman Ventures, and individuals such as John Chambers and Mike Ruettgers, bringing total funding to around $137 million then. |
| Mar 2015 | Series A | Artiman Ventures (lead); Boston Seed Capital; Tribeca Venture Partners | $8M | - | - |
Who has invested in Virsec?
15 investors have backed Virsec across its funding rounds, including Artiman Ventures, Boston Seed Capital, BlueIO, Sand Hill Angels, Tribeca Venture Partners and Allen & Company.
Lead investors include BlueIO and Artiman Ventures.
Virsec Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2015 | ||
| 2 | Participant | Mar 2015 | ||
| 2 | Lead | Mar 2018 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Jul 2021 | ||
| 1 | Participant | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 15 Virsec investors. Start Free Trial | ||||
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Start Free TrialVirsec Competitors
Virsec competitors include listed companies like Loihde, CyCraft Technology and Corero Network Security, and private ones like Bishop Fox, Veridium and Rupan Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $81M | - | ||
| Publicly listed | $166M | $13M | $82M | - | ||
| Publicly listed | $12M | ($892K) | $82M | - | ||
| Private | $7M | - | $78M | 11.1x | ||
| Private | - | - | $78M | - | ||
| Publicly listed | $25M | $2M | $83M | 2.7x |
Virsec Public Comps
Virsec is still privately-owned, but its public comps include Loihde, CyCraft Technology, Advenica, Corero Network Security, Wins Technet, CSP Inc., Rank One Computing, Quick Heal Technologies, WISeKey and Hancom WITH.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $166M | $13M | 0.5x | - | 6.6x | - | |||
| $12M | ($892K) | 5.3x | - | (69.0x) | - | |||
| $21M | $3M | 3.4x | 3.3x | 21.9x | 39.3x | |||
| $25M | $2M | 3.2x | 2.7x | 46.4x | 18.3x | |||
| $72M | $18M | 0.2x | - | 0.7x | - | |||
| $59M | ($2M) | 1.0x | - | (22.9x) | - | |||
| $17M | ($2M) | 4.3x | 3.6x | (47.0x) | - | |||
| $27M | ($719K) | 2.3x | - | (88.4x) | - | |||
This data is available for Pro users. Sign up to see all Virsec competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Virsec
| When was Virsec founded? | Virsec was founded in 2013. |
| Where is Virsec headquartered? | Virsec is headquartered in San Jose, CA, United States. |
| Is Virsec publicly listed? | No, Virsec is a private, VC-backed company. |
| What is Virsec's valuation? | Virsec was last valued at $80M in its Series B in March 2018. |
| How much funding has Virsec raised? | Virsec has raised $135M across 3 funding rounds. |
| What was Virsec's last funding round? | Virsec's last funding round was a $100M Series C in July 2021, led by BlueIO. |
| Who are Virsec's investors? | Virsec's investors include Artiman Ventures, Boston Seed Capital, BlueIO, Marker Hill Capital, Intuitive Venture Partners, Michael Ruettgers, Amity Ventures, Tech Square Ventures, Raj Singh, Quantum Valley Investments and 5 others. |
| Which companies are comparable to Virsec? | Companies comparable to Virsec include Bishop Fox, Loihde, CyCraft Technology, Veridium, Rupan Technology and Corero Network Security. |
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