Virtru secures $50M in new funding

Virtru secures $50M in new funding

Virtru, a provider of secure email and file sharing solutions, has secured $50 million in new funding. The latest funding round, led by new investor Lightspeed Venture Partners, values the company at over $1 billion [1].

The funding will be used to accelerate Virtru's growth, enhance its product offerings, and expand its customer base. The company plans to leverage the new capital to develop innovative security solutions and improve its existing services. Additionally, Virtru aims to increase its market penetration and establish a stronger presence in the enterprise market [1].

With this new funding, Virtru joins a growing list of unicorns in the cybersecurity industry. The company's innovative approach to secure communication and data sharing has resonated with investors, who see significant potential for growth in the market [1].

References:
[1] https://www.businesstimes.com.sg/companies-markets/esim-platform-airalo-raises-us220-million-new-funding-round-lifts-valuation-past-us1-billion