Protecting personal users’ communications and data from cyber attacks is of utmost importance in today’s times.
Taking up the challenge, Berlin-based enterprise-focused messaging platform Wire has raised €24 million in funding to develop platform interoperability to bring collaboration and support a more secure alternative for everyone. The Series C round was co-led by Cipio Partners and the investment vehicle of Skype co-founder Janus Friis, Iconical. Existing investors, including UVC Partners, also backed the funding.
Founded in 2012 by some of the founders of Skype, the German startup aims to protect personal users’ communications and data from cyber-attacks. It allows customers to collaborate securely using end-to-end encryption for messaging, audio/video conferencing, file-sharing, and external collaboration.
The German company recently integrated Messaging Layer Security (MLS) protocol to make messaging secure in large groups more efficient and to provide the basis for post-quantum cryptography. The company has raised a total funding of €53 million until now.
Alan Duric, co-founder of Wire said: “As our clients contend with the challenges of managing and securing remote working models from ongoing cybercrime and privacy challenges, they now face new security concerns stemming from the current climate of increased geopolitical tension. By securing funding from Cipio Partners, Iconical, and UVC, we are very pleased to invest further in our people and our technology platform to offer complete peace of mind that our customer’s data is safe and protected from all manner of threats. The investment will also help us to retain our position as the undisputed leader in the secure collaboration space.”
Janus Friis, co-founder of Skype (Iconical) added: “The need for secure communications is constantly growing. Wire allows any organisation to deploy a communication product they can trust with end-to-end encryption that has been independently audited and code that is open source.”
According to the platform, it currently has over 1,800 government and enterprise customers worldwide, including five of the world’s G7 governments, including the German federal administration, EY, and Fortum.