Virtrr, a data security company based in Washington DC, raised $ 50 million during a standard D finance tour led by Iconiqwhich doubled its valuation at 500 million. This funding reflects an increasing demand for solutions protecting sensitive information in a context of increased adoption of artificial intelligence.
The future of micro-secure
Virtrru’s technology is based on an open standard known as Trusted Data Format (TDF), which allows you to integrate security checks directly into the data files. This strategy, which the company describes as “micro-secure”, guarantees that information travels with additional protection, regardless of its destination. This approach has become crucial as they face security challenges linked to artificial intelligence systems, which process and analyze large volumes of data.
More than 6,000 organizations use the Virtrr platform, including major financial players like JPMorgan Chase and Capital One, as well as the United States Department of Defense. The TDF, which was developed by the co-founder of Virtrr, Will Ackerly, during his time at the National Security Agency, was adopted as the standard of data protection in defense and intelligence missions both in the United States and in the Allied nations.
Virtrr’s objective with this new financing is to accelerate the global adoption of the TDF standard, to strengthen the protection of workflows related to artificial intelligence and to stagger solutions for customers in defense and critical infrastructure. “It’s a crucial moment not only for Virtrru, but also for global security architecture,” said John Ackerly, CEO of the company. The company seeks to ensure that the data retains their control at each stage of their transfer, stressing that artificial intelligence represents a seismic change which amplifies the need for precise data security and centered on the continuous movement of information.