- Companies
- Virtru
Virtru Valuation, Funding & Investors
Virtru is valued at $500M as of July 2025.
Last Virtru valuation
$500M
Series D · Jul 2025
Last Virtru funding round
$50M
Series D · Jul 2025
Cumulative funding Virtru raised
$186M
across 6 funding rounds
Key investors in Virtru
Bessemer Venture Partners
New Enterprise Associates
ICONIQ Capital
Samsung NEXT
Soros Fund Management
Thyra Global Management
About Virtru
Virtru is a cybersecurity company providing persistent encryption and granular access controls for email, files, and SaaS applications. It integrates with Gmail, Outlook, Google Drive, OneDrive, and SharePoint to enforce policies like content expiration, revocation, watermarking, and download limits. The Private Keystore supports on-premises or cloud-based key management, while attribute-based controls ensure data sovereignty. Virtru delivers audit logs and compliance reporting for enterprises. Washington D.C.-headquartered, it serves government agencies, financial institutions, and healthcare providers across North America and Europe.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Valuation
$500M (Jul 2025)
Virtru Valuation
Virtru is currently valued at $500M, based on its Series D in July 2025.
The $50M round was led by ICONIQ Capital, with participation from Foundry Capital, Chertoff Group and Bessemer Venture Partners.
Virtru valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2025 | Series D | $500M |
Virtru Funding History
Virtru has raised a total of $186M across 6 funding rounds.
Virtru's first fundraising round was a $3M seed round in May 2013. The most recent completed round was a $50M Series D in July 2025.
Virtru funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series D | ICONIQ Capital (lead); Foundry Capital; Chertoff Group; Bessemer Venture Partners | $50M | $500M | Virtru is a Washington, D.C.-based leader in data-centric security and the inventor of the open standard Trusted Data Format (TDF), providing persistent protection that travels with data for mission-critical applications in AI, enterprise, and defense ecosystems. Trusted by over 6,000 organizations including JPMorganChase, Equifax, Capital One, Salesforce, and the U.S. Department of Defense, Virtru's platform evolved from email encryption to comprehensive solutions for secure data sharing across public and private sectors. On July 11, 2025, Virtru raised $50 million in a Series D funding round led by ICONIQ Capital, with participation from Bessemer Venture Partners, Foundry, and The Chertoff Group. The round doubled the company's valuation to $500 million, signaling accelerated growth as TDF becomes a global standard for data protection in the AI era. This marks Virtru's eighth funding round, bringing total capital raised to approximately $190 million. Proceeds will scale operations, expand TDF adoption in public sector agencies and critical infrastructure, enhance secure AI and analytics workflows, and drive product innovation. ICONIQ Partner Will Griffith highlighted Virtru's role in addressing the need for scalable data security amid rising AI adoption. Gartner Analyst Andrew Bales noted the market shift toward platforms with granular, real-time data protection. Virtru's prior rounds include a $60 million Series C in January 2022 led by Foundry Capital and ICONIQ Growth, and a $37.5 million Series B in May 2018 led by ICONIQ Growth, focusing on enterprise, government expansion, and R&D. The company positions itself as a standard-bearer for 'microsecurity' in an AI-driven landscape, emphasizing data control everywhere it travels. |
| Jan 2022 | Series C | Foundry Capital (lead); ICONIQ Capital (lead); New Enterprise Associates; MC2; Bessemer Venture Partners; Tiger Global; Unbound Ventures | $60M | - | Virtru, a Washington, D.C.-based leader in data-centric security and inventor of the open Trusted Data Format (TDF) standard, closed a $60 million growth financing round on January 20, 2022, co-led by existing investor ICONIQ Growth and new investor Foundry Capital. Additional participants included Tiger Global, MC2, Bessemer Venture Partners, New Enterprise Associates, and Unbound Ventures. Michael Chertoff, former Secretary of the Department of Homeland Security and co-founder/executive chairman of MC2, and Jon Ein, CEO of Foundry Capital, joined Virtru’s board. Matt Howard, former CMO of Sonatype, was appointed as Virtru's CMO. The funding was intended to accelerate delivery of new products across Virtru's data protection portfolio and support scaling through hiring in sales, marketing, research and development, and customer success. By the time of the announcement, Virtru had protected more than 1 billion digital assets, highlighting its traction in securing sensitive data in enterprise workflows. ICONIQ Growth's Will Griffith emphasized Virtru's positioning as a data-centric policy control plane for Zero Trust architectures. That funding focused on expanding TDF adoption in public sector, AI workflows, and defense. |
| May 2018 | Series B | ICONIQ Capital (lead); Soros Fund Management; Samsung NEXT; New Enterprise Associates; Bessemer Venture Partners; Blue Delta Capital Partners; Thyra Global Management | $38M | - | Virtru, a data protection and privacy company originating from NSA research, specializes in end-to-end email and file encryption using its proprietary Trusted Data Format (TDF) technology, serving over 8,000 organizations by May 2018. The company announced the initial closing of a $37.5 million Series B preferred stock financing on May 31, 2018, led by ICONIQ Capital, with participation from existing investors Bessemer Venture Partners, New Enterprise Associates, Samsung NEXT, Blue Delta Capital Partners, Thyra Global Management, and Soros Fund Management. This round brought Virtru's total funding to over $76 million since its founding in 2011. Proceeds from the Series B were allocated to expand Virtru’s data protection solutions, scale operations, pursue international growth, and establish TDF as a global open standard for secure data exchange, similar to PDF for documents. Virtru also formed Virtru Labs, led by co-founder and CTO Will Ackerly, to drive innovation and standardize TDF. ICONIQ Partner Will Griffith joined Virtru’s board, highlighting the platform's role in addressing enterprise data privacy needs in a multi-billion-dollar market. At the time, Virtru had around 80 employees, with plans to grow by 50% to enter new markets and bolster channel partnerships. |
| Aug 2016 | Series A | Bessemer Venture Partners (lead); Teamworthy Ventures; Soros Fund Management; Samsung NEXT; New Enterprise Associates; Portage Partners; Blue Delta Capital Partners; Thyra Global Management; Quadrant Capital Advisors | $29M | - | Virtru, a provider of encryption and data protection solutions, closed a $29 million Series A funding round on August 22, 2016, led by Bessemer Venture Partners with participation from New Enterprise Associates, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, and Blue Delta Capital. The funding aims to scale operations worldwide, develop new products for protecting various data types, and expand Software Development Kits (SDKs) and APIs for software developers. Prior to the round, Virtru had achieved notable milestones including the January 2016 announcement of its SDK for independent software vendors and cloud providers, and in September 2015, co-founder Will Ackerly was named #21 on Fortune's 40 Under 40 list. By August 2016, the company served over 4,000 customers and extended its encryption, access control, and data loss prevention tools to platforms like Gmail, Google Drive, Yahoo, and Outlook versions from 2010 to 2016, with standalone apps on Google Play and iTunes App Store. Virtru plans to expand to additional cloud platforms such as Microsoft Office 365 and further its developer integrations. The round occurred amid a challenging cybersecurity funding environment, yet Virtru attracted top investors due to its innovative open data encryption format and data-centric security approach built by ex-NSA engineers. |
| Jun 2014 | Series A | Bessemer Venture Partners (lead) | $6M | - | Virtru raised $6 million in a funding round in June 2014 led by Bessemer Venture Partners to support early-stage growth and product development. The round focused on the company's email encryption and data protection technology. Virtru's browser plug-in and mobile apps were free for consumers at the time, with commercial features for business users planned soon. The company aimed to expand beyond email to secure texts, posts, tweets, and other digital platforms. |
| May 2013 | Seed | - | $3M | - | Virtru raised USD 3,005,000 in a seed round on May 2013 to develop the initial product and enter the market. The round had no publicly disclosed valuation. Virtru is a data protection company founded in 2012 that provides encryption and data protection solutions. |
Who has invested in Virtru?
15 investors have backed Virtru across its funding rounds, including Bessemer Venture Partners, New Enterprise Associates, ICONIQ Capital, Samsung NEXT, Soros Fund Management and Thyra Global Management.
Lead investors include ICONIQ Capital, Foundry Capital and Bessemer Venture Partners.
Virtru Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Jun 2014 | ||
| 3 | Lead | May 2018 | ||
| 3 | Participant | Aug 2016 | ||
| 2 | Lead | Jan 2022 | ||
| 2 | Participant | Aug 2016 | ||
| 2 | Participant | Aug 2016 | ||
| 2 | Participant | Aug 2016 | ||
| 2 | Participant | Aug 2016 | ||
| 1 | Participant | Aug 2016 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Aug 2016 | ||
| 1 | Participant | Jan 2022 | ||
This data is available for Pro users. Sign up to see all 15 Virtru investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialVirtru Competitors
Virtru competitors include listed companies like GB Group and eMudhra, and private ones like Silent Circle, Cymulate, Descope and Novaigu.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $262M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $383M | ($45M) | $489M | 1.6x | ||
| Publicly listed | $73M | $18M | $540M | 6.6x |
Virtru Public Comps
Virtru is still privately-owned, but its public comps include GB Group, Beijing Huaru Technology, Hunan Kylinsec Tech, Hillstone Networks, Global Security Experts, eMudhra, Guangdong Tecsun Science, AHNLAB, Digital Arts and Beijing VRV Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $383M | ($45M) | 1.6x | 1.6x | (13.3x) | 6.7x | |||
| $45M | ($28M) | 8.9x | - | (14.5x) | - | |||
| $46M | ($9M) | 8.9x | 8.5x | (47.5x) | 105.5x | |||
| $136M | ($18M) | 4.1x | - | (30.6x) | - | |||
| $71M | $15M | 7.6x | 6.8x | 36.5x | - | |||
| $73M | $18M | 7.3x | 6.6x | 30.1x | 27.4x | |||
| $84M | $3M | 4.8x | - | 116.9x | - | |||
| $195M | $44M | 1.1x | - | 4.8x | - | |||
This data is available for Pro users. Sign up to see all Virtru competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Virtru
| When was Virtru founded? | Virtru was founded in 2012. |
| Where is Virtru headquartered? | Virtru is headquartered in Washington, DC, United States. |
| Is Virtru publicly listed? | No, Virtru is a private, VC-backed company. |
| What is Virtru's valuation? | Virtru was last valued at $500M in its Series D in July 2025. |
| How much funding has Virtru raised? | Virtru has raised $186M across 6 funding rounds. |
| What was Virtru's last funding round? | Virtru's last funding round was a $50M Series D in July 2025, led by ICONIQ Capital. |
| Who are Virtru's investors? | Virtru's investors include Bessemer Venture Partners, ICONIQ Capital, New Enterprise Associates, Foundry Capital, Soros Fund Management, Samsung NEXT, Blue Delta Capital Partners, Thyra Global Management, Teamworthy Ventures, Chertoff Group and 5 others. |
| Which companies are comparable to Virtru? | Companies comparable to Virtru include Silent Circle, Cymulate, Descope, Novaigu, GB Group and eMudhra. |
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