WireWheel, an Arlington-based data privacy company, has closed a $20M Series B round of funding. The funding was led by Forgepoint Capital and will be used to expand WireWheel’s product offerings and grow its team. This is the second round of funding for WireWheel, which raised a $5M Series A in 2016.”We are thrilled to have Forgepoint join us on this journey,” said Ian Siegel, CEO at WireWheel. “They are one of the most experienced investors in the cyber security space and their experience with companies like Fortinet and Check Point makes them uniquely qualified to help us build our business further into the future.”
WireWheel, an Arlington-based data privacy company, has closed a $20M Series B
WireWheel, an Arlington-based data privacy company, has closed a $20M Series B funding round. The company was founded in 2016 and has raised $25M in total funding.
WireWheel offers an end-to-end platform that enables businesses to protect their data and meet compliance requirements across all remote devices as well as on-premise servers through its cloud infrastructure. The company helps companies comply with regulations such as GDPR (General Data Protection Regulation), HIPAA (Hospitality Industry Privacy Law) or MCMLV (EU’s Medical Device Regulation).
WireWheel will use the new funding to expand its product offerings and grow its team
WireWheel will use the new funding to expand its product offerings and grow its team. The company plans to continue developing new products and adding features to current ones, as well as expanding into new markets.
This is the second round of funding for the company, which raised a $5M Series A in 2016
The company has raised a total of $20M, $25M and $23M. It’s also raised $30M in total.
With the new funding, WireWheel has now raised a total of $25M
With the new funding, WireWheel has now raised a total of $25M. The company says that it will be used to expand the product offerings and grow its team as it scales up its business model.
WireWheel was founded in 2016 by CEO George Tsai and CTO Jake Fisher. The firm has offices in Arlington, Virginia; San Francisco; New York City; Chicago; London (UK); Seoul (South Korea) and Shanghai (China).
Conclusion
WireWheel has now raised a total of $25M in funding, which includes a $5M Series A in 2016 and the new $20M Series B Thetechnotricks. The company plans to use this latest round of funding to grow its team and expand its product offerings. WireWheel was founded by CEO Jon Shokeen (pictured above), Rishi Malhotra and Rohit Madan in 2013 and has since grown to include over 40 employees across five offices worldwide.