• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
    • Venture Capital
  • About
  • Contact

Privacy Protection Platform WireWheel Closes $10 Million in Financing

October 25, 2018 By admin Leave a Comment

Data privacy platform simplifies compliance for expanding global data protection regulations like GDPR and the new California Consumer Privacy Act

WireWheel, the Software-as-a-Service platform that modernizes global data privacy compliance, announced the closing of a $10 million Series A round. New Enterprise Associates (NEA) and PSP Growth (PSP) led the investment round, with participation from existing and new investors Grotech Ventures, Sands Capital Ventures and Revolution’s Rise of the Rest Seed Fund. Total capital raised to date stands at $13 million. In connection with the investment, Dayna Grayson of NEA, and Michael Oleshansky of PSP will join WireWheel’s Board of Directors.

WireWheel’s data privacy platform leverages on-premise and cloud infrastructure to enable faster and more efficient privacy compliance, with unique product features that build trust with current and potential customers faster. The platform’s advanced monitoring and automation capabilities help companies remain compliant over time.

“While I served as Commerce Secretary, I saw first-hand how important privacy protection is to people here in the United States, and all over the world – as a matter of human rights, trade, and national security. Now, more than ever, it is clear that protecting privacy is a key matter of trust for companies all around the world – with California joining Europe, Japan, and India, among others, in enforcing privacy protection,” said Penny Pritzker, Founder and Chairman of PSP Partners and PSP Growth. “Led by a team of experts in privacy and technology, WireWheel is a unique cloud-based technology platform that enables business leaders to quickly address both the compliance and commercial privacy needs of their companies. We are delighted to support WireWheel as it helps tackle these significant challenges.”

WireWheel CEO, Justin Antonipillai, founded the company in late 2016, after leading the Economic and Statistics Administration at the U.S. Department of Commerce under President Obama. Among other things, Antonipillai led the American negotiating team in reaching the landmark EU-U.S. Privacy Shield Framework with Europe. He also led extensive dialogues with European regulators on GDPR as it was being considered for approval.

“Privacy protection is a key trust, customer, and compliance matter, and we’re just scratching the surface of how powerful technology can be to help protect data privacy,” said Justin Antonipillai, WireWheel’s CEO. “The WireWheel platform leverages cloud infrastructure and cloud services, machine learning, and beautiful, innovative design to enable faster compliance for our customers. Our platform has built-in, technology-driven features to enable our customers to demonstrate their trustworthiness as custodians of personal data, which is critical.”

Performance apparel retailer and WireWheel customer, Under Armour, was impressed by how agile the platform was when compared to the competition. “We explored a number of privacy solutions and WireWheel was the clear choice. Its innovative and thoughtful approach to a complex challenge is one that has delivered centralized visibility and game-changing efficiencies at a very competitive price,” said Toke Vandervoort, VP, Deputy General Counsel of Under Armour. “The central data mapping feature has also delivered some unexpected returns on the investment, making the whole relationship with WireWheel a value driver, not only to our privacy program, but to the business at large.”

The Series A financing builds on an exceptional year for WireWheel which saw key executive appointments and a rapidly growing roster of customers including Blackboard and Under Armour. The funding round will help further innovate on product capabilities, expand sales and marketing efforts, and launch a partner program.

According to Steve Case, Chairman and CEO of Revolution and co-founder of AOL, “WireWheel is leveraging local expertise in policy, especially privacy and data protection, and combining that with know-how on databases, machine learning, and technical infrastructure. We are excited about the WireWheel product and are proud to support them as they take on data privacy and data protection challenges.”

NEA participated in WireWheel’s seed round as well. Dayna Grayson is a partner at NEA who believes, “Data privacy protection is an increasingly significant issue, and we are excited about WireWheel’s team, customers, and product. Key to us has been WireWheel’s features that enable the responsible use of personal data. WireWheel gives companies an opportunity to promote and build trust with clients and customers while avoiding significant risk that impacts the bottom line.”

About WireWheel, Inc.

Based in Arlington, VA, WireWheel uses human-assisted machine learning and integrations into cloud infrastructure and on-premises and cloud data stores, to help companies comply more quickly and efficiently with privacy regulations around the world, including the European General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA). Founded by leading experts in privacy protection, application development, and data engineering, WireWheel brings a beautiful, privacy-designed platform to manage privacy programs at scale, and is changing the way companies protect personal information and build trust with their customers. Learn more at www.wirewheel.io, or arrange a demo at [email protected].

SOURCE WireWheel

Related Links

Home

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

The Growing Tin Market: Prospects for Future Demand and Sustainability
Prospects for the Growing Lithium Market in the Coming Years
DevOps and Agile: Integrating Development and Operations
China’s Use of Golden Shares: From Reducing State Role to Quietly Controlling Tech Giants
Why Amazon Acquired One Medical: Disrupting the Healthcare Industry with Technology-Enabled Care
The End of an Era: Why China is No Longer Viable as the World’s Factory
Cloudflare’s FedRAMP authorization opens up a huge market opportunity in the US government sector

Market Research Media

How plunging birthrates threaten national economies
Agile Leadership: Leading Agile Teams for Success
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
Unrestricted Streaming: How VPNs Can Enhance Media Consumption Experience
How the world’s biggest companies have built and defended their moats
Virtual Learning Environments: A Game-Changer in Education?
Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem

Secondary Sidebar

Tech Events

GitHub Universe 2023 will be held on November 8-9 in San Francisco, California
Upcoming Technology Events of 2023
Space Symposium 2023, April 17-20, Broadmoor, Colorado Springs, Colorado
The Yugabyte’s third annual Distributed SQL Summit (DSS) Asia, March 28, 2023
NVIDIA GTC, a global conference for the era of AI and the metaverse, March 20-23, 2023

Venture Capital

African Venture Investment Soars to Record High, Fueled by Tech Startups
Pitchly Secures $7 Million Series A Funding for SaaS-Based Data Enablement Solution
Agile Project Management: Roles and Responsibilities
Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
GameTech Startups Attracting Venture Capital Funding: The Importance of VPN Security

Footer

Recent Posts

  • Japan Revamps Chip Strategy, Aims to Triple Sales by 2030
  • New Cloud Computing Startup Evroc Seeks €3 Billion to Challenge Amazon
  • Apple Vision Pro Review
  • IBM announced plans to build its first European quantum data center in Zurich, Switzerland
  • Hydrogen Technology: The Key to a Sustainable Future for the Cruise and Shipping Industries
  • Regenerative Finance: Shifting Towards Sustainable and Equitable Financial Systems
  • Why Arm Ltd May Build Its Own Semiconductor
  • Dragonfly Announces New Kubernetes Operator for In-Memory Datastore for Simplified Operations and Increased Performance
  • Cosmic Crops Return: Seeds Sent to Space to Develop Resilient Crops for a Warming World
  • AI Developer

App Coding

Viral App Ideas to Code for Massive User Engagement
Common Pitfalls in Agile Development and How to Avoid Them
How to Build a Successful Social Media App: Best Practices and Key Considerations
Building Hyperscale Apps: Best Practices and Key Considerations
Introduction to Object-Oriented Programming

API Coding

How to connect to the DALL-E API
How to stop API breaches
How to connect to the Chat GPT API
Enabling CORS for a REST API Resource: Steps for Allowing Cross-Origin Requests
The Importance of API Programming in Today's Digital World

Blockchaining

How is the betting industry adopting blockchain?
Fintech Revolution Just Started
What is Web3?
Join Our Team as a Blockchain Developer - Revolutionize the Future
Building a Decentralized VPN Using Blockchain Technology

Event Calendar

PCIM Europe 2023, May 9-11, 2023, Nuremberg Exhibition Center, Nuremberg, Germany
Interwire Trade Exposition, May 9-11, 2023, Georgia World Congress Center, Atlanta, GA
ProMat 2023, the leading trade show for the manufacturing and supply chain industry, March 20-23 2023, Chicago’s McCormick Place
Prints 2023, Printing Conference, March 3, 2023
Milan Design Week 2023, April 17-23 2023, Milan, Italy

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT