Secure and compliant team communication tool Worldr raises $3 million

Secure and compliant team communication tool Worldr raises $3 million

Messaging systems in today’s workplace have become as ubiquitous as email. In some cases, they’ve downright replaced it. Messengers are everywhere, and we’re all using them. And even though they offer end-to-end encryption, the underlying questions remain - who’s doing the encryption, where is the data sitting, and who ultimately owns it?

In response, London-based startup Worldr has raised $3 million in seed funding and is offering Government agencies, law firms, financial institutions, and any organisation dealing with sensitive information on a daily basis complete control over who holds, and can access, corporate data, conversations, and sensitive information.

The startup isn’t shy about naming names and is squarely aimed at taking on Slack, Teams, Whatsapp, Signal, Telegram, and the like. Founders Max Buchan and Dmitry Maskaliou hail from the financial and legal industries respectively, and have built Worldr to solve a problem they faced on a daily basis; compliant communications in a work from home world.

In conjunction with its own platform, Worldr has developed a wrap-around application for Microsoft Teams, ironically, built upon the Signal protocol. The wrapper ensures that not even Microsoft would have access to the conversations and data encapsulated therein.

The funding is expected to accelerate further development of zero-trust products, and come out of beta later this summer.

Worldr does however have a steep hill to climb, as Berlin’s Wire closed a $21 million Series B round back in April, and reports that the service is so secure that five of the G7 governments are amongst its customer base.

The seed round was led by IQ Capital and Playfair Capital, with participation from angel investors CyLon (co-founded by Grace Cassy and Jonathan Luff), Andreas Wuchner (Group Head of IT & Risk at Credit Suisse), and Privitar Co-Founder, John Taysom.

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.