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Inside Wirewheel 20M Series Fundraising Round Led by Forgepoint Capital

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Wirewheel recently announced a successful $20 million Series A funding round, led by Forgepoint Capital. This round also included participation from existing investors Venrock and Drive Capital. The funding will allow Wirewheel to expand its platform and develop new products to help organizations protect their data, comply with regulations, and defend against malicious cyber threats.

Wirewheel is a security platform designed to help organizations protect and manage their customers’ data. The company offers an intuitive cloud-based platform and suite of tools that enable organizations to rapidly implement comprehensive security solutions for their digital assets.

This new round of funding will go toward developing innovative solutions for continuous monitoring, deep data encryption, secure infrastructure compliance, and more. These solutions will help organizations keep up with ever-changing privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), and protect data from the effects of ransomware attacks, phishing schemes, and other malicious activities.

In addition to investing in the development of new products, the $20 million series A round will be used to expand the company’s global presence and strategic partnerships. The company currently has offices in the US, Canada, and Israel and is looking to use the new funding to  expand its international reach and develop additional partnerships.

With the recent funding round, Wirewheel is in a prime position to make a big impact on the cybersecurity market. By continuing to develop innovative security solutions and expand its global presence, the company is well-positioned to make a major impact in the industry in the coming months and years.

Forgepoint Capital Leads Wirewheel’s $20 Million Series A Round 

Today, Wirewheel announced that it has closed a $20 million Series A funding round from venture capital firms Forgepoint Capital, Amplify Partners, and Regency Ventures with additional participation from DTCP, BIP Capital, and Techstars.

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The funding will be used to accelerate Wirewheel’s growth in areas such as customer success and engineering, continue its expand into new markets, and strengthen relationships with existing customers.

Wirewheel provides a comprehensive data privacy platform to help organizations better manage their GDPR and CCPA compliance initiatives. The platform includes comprehensive assessment #1 and automated remediation #2 ) capabilities, reliance metrics and reporting, and partner integrations.

The company’s existing customers, which include Microsoft, PayPal, Zendesk, Paypal and DocuSign, are leveraging the platform’s privacy compliance tooling to reduce manual risk and operational cost.

Jamie Finn, Managing Partner at Forgepoint Capital, said, “We are thrilled to lead this round of financing for Wirewheel. Wirewheel is enabling companies to easily achieve and maintain compliance with GDPR and other regulatory requirements. Data privacy is an increasingly important issue, and Wirewheel is an ideal partner for companies that need to be agile and  compliant.”

This funding will help Wirewheel to expand its services and fortify its partnership with common technology and data privacy compliance providers. Wirewheel’s platform helps businesses manage global data privacy compliance, while allowing them to scale both domestically and internationally.

Wirewheel’s CEO, Jeremiah Cloud, said: “We are delighted to be working with investors of the caliber and experience of Forgepoint, Amplify, and Regency and are excited to see the potential that Wirewheel can offer new and existing customers. With this Series A funding round, we are equipped to rapidly expand our product offering and customer base, establishing Wirewheel as the go-to data privacy platform for large companies, SMBs, and startups.”

Wirewheel Raises $20 Million from Forgepoint Capital for 20M Series 

Wirewheel, the data privacy platform, recently announced a $20 million investment led by Forgepoint Capital in their 20M Series. The latest funding round will help the company to accelerate their global expansion and increase the development of their privacy platform.

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This funding will help Wirewheel expand their Data Privacy Platform, which helps companies to protect and manage the personally identifiable information (PII) of their customers. The platform also helps them comply with the ever-evolving compliance regulations in the area of data privacy.

Wirewheel provides privacy solutions for organizations across industries including healthcare, retail, financial services, and education. Their multi-disciplinary team of engineers, data scientists, security experts, and privacy officers make sure that the platform meets all the standards and provides organizations with the best tools to protect their data.

With this funding round, Wirewheel looks to expand its operations to meet the need of global customers. By giving organizations the ability to protect and manage their customer data, Wirewheel is providing them with the ability to comply with the various regulations that are associated with data protection.

The new round of funding will also be used to develop new features and enhancements to the Wirewheel platform. This will include the ability to support new compliance standards like GDPR,  HIPPA, and CCPA. Additionally, with the funding, Wirewheel aims to expand their team to help organizations better secure their data.

This round of funding is a major milestone for Wirewheel as they look to become a global leader in data privacy. Their continual focus on security and privacy has earned them acclaim from organizations of all sizes and industries, and this investment will ensure that the company keeps up with the ever-changing regulations on data security.

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