Virtru Raises $50M at a $500M Valuation

Virtru Raises $50M at a $500M Valuation

Virtru, a Washington, D.C.-based data-centric security company, has raised $50 million in a Series D funding round, doubling its valuation to $500 million.

The round was led by ICONIQ, with participation from Bessemer Venture Partners, Foundry, and The Chertoff Group.

ICONIQ Capital is a San Francisco-based investment firm established in 2013. The firm manages approximately $80 billion in assets and operates across multiple domains, including venture capital (ICONIQ Growth), private equity, real estate, and philanthropy (ICONIQ Impact).

The funds will be used to scale operations, expand adoption of Trusted Data Format (TDF) across public sector agencies and critical infrastructure, scale solutions for secure AI and analytics workflows, and accelerate product innovation.

Founded in 2012 by brothers John and Will Ackerly, Virtru provides data-centric security solutions and has invented the Trusted Data Format (TDF), an open standard designed for persistent, granular data protection. Virtru helps organizations protect sensitive data by offering tools that encrypt emails, files, and application data. Headquartered in Washington, D.C., the company serves over 6,000 organizations, including JPMorgan Chase, Equifax, Salesforce, Capital One, and the U.S. Department of Defense.

Funding Details

Company: Virtru

Raised: $50.0M

Round: Series D

Funding Date: July 2025

Lead Investor: ICONIQ

Additional Investors: Bessemer Venture Partners, Foundry, The Chertoff Group

Company Website: https://www.virtru.com/

Software Category: Data Security / Cybersecurity / AI Data Governance