– USA, VA – WireWheel, a leader in data privacy technology, today announced $20 million in Series B financing led by ForgePoint Capital alongside existing investors New Enterprise Associates, Revolution’s Rise of the Rest Fund, PSP Growth, Grotech, and Sands Capital Ventures also participating in the round, bringing total capital raised by the company to $45 million.
Concurrent with the financing, Andrew McClure of ForgePoint Capital will join the board of directors.
“WireWheel’s best-in-class software orchestrates trust for privacy teams who don’t just want to check a box,” said Andrew McClure, Principal at ForgePoint Capital. “That’s why some of the most privacy-mature organizations look to the team at WireWheel not only for domain expertise but also for unmatched product sophistication. Customers leverage WireWheel’s core privacy platform to get in compliance fast and build privacy protection directly into their DevOps pipelines, their products, and their data use and governance programs. We’re excited to work with the team at WireWheel to advance the company’s leadership in this fast-growing market.”
The funding will enable WireWheel to speed its go-to-market plans and extend its Software-as-a-Service platform’s leadership as the only solution built specifically for ease of use by privacy professionals and tailored to the needs of engineering and data governance teams.
“We are proudly delivering a cloud-based, technology-first privacy platform to some of the biggest brands in the world,” said Founder and CEO, Justin Antonipillai. “Our mission is to make this enterprise-grade privacy infrastructure available to every company so that everyone can responsibly protect personal data and ethically use it to solve their business problems. ForgePoint is the perfect partner for the next stage of our growth, and we are proud to partner with this team on our journey.”
“From the beginning, we recognized WireWheel as a company that will act as a catalyst for privacy protection and innovation,” said Penny Pritzker, Chairman, and Founder of PSP Partners. “The key has been that WireWheel is focused both on helping companies comply with privacy laws around the world, and on helping them ethically use data to solve customer problems. Just think of how much can be accomplished with greater trust and transparency regarding data between companies and their valued customers … WireWheel can help drive that change.”
“WireWheel’s leadership team truly understands privacy and they’re doing industry-leading work to help innovators build trusted products and services,” said Michael Graninger, Partner, Sands Capital Ventures. “Building trust in tech requires a seamless way to incorporate privacy into products from day one and WireWheel is leading that effort.”
Justin Antonipillai, Founder and CEO of WireWheel, is recognized as one of the leading experts on privacy and data protection, having led several high-priority international efforts around privacy and security as Acting Under Secretary for Economic Affairs at the U.S. Department of Commerce during the Obama Administration. The WireWheel team also comprises privacy experts, data scientists, cloud architects, PhDs, policy experts, and others with deep domain expertise around data, privacy, and building trust in the digital era.
“Every member of our team is truly passionate about our mission and our vision doesn’t stop at assuring compliance for the sake of it,” said Justin Antonipillai. “We believe privacy is a fundamental human right and we want every organization in the world to succeed at it.”
About WireWheel
Based in Arlington, Virginia, WireWheel’s intuitive privacy management SaaS platform delivers privacy programs at scale, enabling collaboration and leveraging integrations into cloud infrastructure and on-premises and cloud data stores. With WireWheel, organizations can support all phases of a privacy management program – including collaboration and vendor risk management – and more effectively comply with privacy regulations around the world, including the European General Data Protection Regulation, the California Consumer Privacy Act, and the new California Privacy Rights Act.
For more information: https://wirewheel.io/
About ForgePoint Capital
ForgePoint Capital is the premier cybersecurity venture fund investing in transformative companies protecting the digital world. The firm is one of the most prolific investors in early and growth-stage cybersecurity companies with over 40 global cybersecurity investments. The team brings more than eight decades of company building, value creation experience and draws upon the largest network of trusted cybersecurity industry experts and customers to support entrepreneurs who are building great companies. Based in the San Francisco Bay Area, the firm partners with exceptional cybersecurity entrepreneurs worldwide.
For more information: https://forgepointcap.com/
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