What is Virgil Security?
Virgil Security specializes in delivering enterprise-grade encryption and security tools designed for seamless integration into applications with minimal developer effort. Their core product suite includes E3Kit for end-to-end encryption, PureKit for robust data and password protection, IoTKit for securing Internet of Things devices, and a secure communications platform for building real-time chat and voice applications. By supporting a wide array of programming languages and offering cross-platform compatibility, Virgil Security empowers businesses across critical sectors such as healthcare, finance, automotive, and IoT to meet stringent regulatory compliance requirements like HIPAA and GDPR, while safeguarding sensitive user data from emerging threats.
How much funding has Virgil Security raised?
Virgil Security has raised a total of $5.4M across 4 funding rounds:
Other Financing Round
$75K
Angel/Seed
$525K
Other Financing Round
$800K
Series A
$4M
Other Financing Round (2014): $75K with participation from Mach37, Anna Widenius, and Gaige Paulsen
Angel/Seed (2015): $525K led by Panther Angels and NextGen Venture Partners
Other Financing Round (2015): $800K supported by Vadim Polikov, Inner Loop Capital, JP Bourget, Panther Angels, Bloomberg, Pam Sapyta, Justin Label, Georgia Weidman, and NextGen Venture Partners
Series A (2016): $4M featuring Ray Rothrock, NextGen Venture Partners, Matt Grimm, Panther Angels, KEC Ventures, Working Lab Capital, Bloomberg, Dingman Center Angels, Baltimore Angels, Blu Venture Investors, Sparkland Capital, and Charge Ventures
Key Investors in Virgil Security
Panther Angels
Panther Angels is a venture capital firm that specializes in start-up investments, with a focus on high-growth technology businesses in the mid-Atlantic region.
NextGen Venture Partners
NextGen Venture Partners is a venture capital firm that focuses on early-stage investments in B2B startups, particularly in SaaS, Healthtech, Fintech, Data, and Robotics, providing financial support and access to their extensive network.
KEC Ventures
KEC Ventures engages in a broad range of investment activities, from early-stage technology startups to late-stage private equity transactions, investing in equity, debt, and hybrid securities.
What's next for Virgil Security?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Virgil Security. This capital infusion is poised to accelerate the company's product roadmap, potentially expanding its offerings in areas like secure AI development and advanced threat mitigation. The company is likely to focus on scaling its go-to-market strategy, forging new partnerships, and enhancing its developer community engagement to drive broader adoption of its security solutions. Continued innovation in cross-platform encryption and data privacy will be key to solidifying its position as a leader in the app security market.
See full Virgil Security company page
