# Virgil Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/virgil-security

- Industry: IT Security/Cybersecurity
- Headquarters: Manassas, US
- Website: www.virgilsecurity.com
- Total disclosed funding: $6.2M
- Latest round: Series A (Oct 5, 2016)
- Investors on record: 11

## About

Virgil Security, Inc. is a cybersecurity firm specializing in data protection solutions that meet rigorous compliance standards. Their innovative products focus on encryption and secure communications for various industries.Founded in 2014 by Dmitry Dain and Michael Wellman, Virgil Security, Inc. is headquartered in Manassas, US. The company focuses on enhancing digital security through innovative encryption solutions. In October 2016, Virgil completed a Series A funding round, raising USD 4.87 mn, led by KEC Ventures and supported by several notable investors. The company has consistently improved its offerings while securing a total of five funding deals to date. Current CEO Michael Wellman continues to steer the company towards growth.Virgil Security offers a comprehensive suite of products designed to enhance data protection and comply with major regulatory frameworks such as HIPAA, GDPR, and PCI DSS. Central to their offerings is the E3Kit, an end-to-end encryption framework that secures communications, alongside PureKit, which safeguards user data and passwords at rest. The IoTKit provides a set of toolkits for secure Internet of Things (IoT) development and management, while their Communications Platform enables the creation of secure chat, video, and voice call applications. Virgil Messenger stands out as a ready-to-run solution that prioritizes secure communication for users. The company primarily serves industries such as healthcare, finance, automotive, cloud services, and IoT, with a clientele that spans multiple geographical markets, including North America, Europe, and Asia.Virgil Security operates on a subscription-based revenue model, charging clients USD 0.02 per month per user for their services beyond an initial threshold of 250 users. This pricing structure allows businesses to scale their expenses in accordance with user growth, making their security solutions accessible for both small startups and larger enterprises. Customers benefit from flexible integration options, enabling them to tailor Virgil's offerings to meet specific security challenges while ensuring compliance with industry regulations. The company’s flagship products, such as E3Kit and PureKit, are targeted at developers and enterprises looking to implement robust security measures, fostering long-term partnerships and ongoing service agreements with clients across various sectors.Virgil Security plans to leverage the recent Series A funding of USD 4.87 mn, led by KEC Ventures, to support the development of new products and expand into emerging markets. The company is actively working on enhancing its product line, with plans to launch new features for their existing offerings in the upcoming year. They aim to grow their market presence in Europe and Asia by mid-2017, strategically targeting industries that could benefit from enhanced cybersecurity measures. This growth strategy is underscored by their commitment to continual innovation and adherence to evolving compliance standards.

## Funding rounds

- Series A, Oct 5, 2016, $4.9M — Blu Venture Investors, Bloomberg Beta, KEC Ventures, Dingman Center Angels, Working Lab Capital, Panther Angels, Charge Ventures, Sparkland Capital, NextGen Venture Partners
- Seed, Nov 19, 2015, $0.8M — NextGen Angels, Working Lab Capital, Inner Loop Capital, Panther Angels
- Seed, Sep 2, 2015, $0.5M — NextGen Angels, Inner Loop Capital, Panther Angels

## Investors

- NextGen Angels — Seed
- Inner Loop Capital (https://capitalatlas.ai/funds/inner-loop-capital) — Seed
- Panther Angels — Seed, Series A
- Working Lab Capital (https://capitalatlas.ai/funds/working-lab-capital) — Seed, Series A
- Blu Venture Investors (https://capitalatlas.ai/funds/blu-venture-investors) — Series A
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Series A
- KEC Ventures (https://capitalatlas.ai/funds/kec-ventures) — Series A
- Dingman Center Angels — Series A
- Charge Ventures (https://capitalatlas.ai/funds/charge-ventures) — Series A
- Sparkland Capital (https://capitalatlas.ai/funds/sparkland-capital) — Series A
- NextGen Venture Partners (https://capitalatlas.ai/funds/nextgen-venture-partners) — Series A