Wire raises €24m to bring secure collaboration into the next era amidst growing geopolitical tensions
Led by investors Cipio Partners and Iconical, this funding round will fuel the company’s ability to further develop its industry-leading solution for mission-critical secure collaboration.
Berlin, August 2022
Wire, a groundbreaking leader in secure collaboration platforms, today announced it has raised €24 million. The new funding round is led by the growth equity firm Cipio Partners and Iconical, the investment vehicle of Skype co-founder Janus Friis, with participation from existing investor UVC Partners. This infusion of capital comes at a time when escalating geopolitical tensions are heightening fears of cyberattacks and data leaks globally.
Having raised a total of €53 million in the past few years, Wire is well-positioned to continue its leadership in this digital transformation toward the next generation of communication and security platforms.
Designed to meet the growing demands of government and enterprise customers worldwide, Wire’s encrypted communications platform allows customers to confidently collaborate using the most advanced end-to-end encryption for messaging, audio/video conferencing, file-sharing, and external collaboration.
The need for the next generation of security platforms is reflected in Wire’s recent growth trajectory, doubling its Annual Recurring Revenue (ARR) in the last twelve months with significant customer wins across private and public sectors.
Janus Friis, co-founder of Skype, has demonstrated a strong belief in Wire from the beginning. Friis explains: “The need for secure communications is constantly growing. With its end-to-end encryption that has been independently audited and its code that is open source, Wire allows any organisation to deploy a communication product they can trust.”
This statement is echoed by Roland Dennert, Managing Partner at Cipio Partners: “Wire’s growth has been impressive these past years. The leadership of CEO, Morten Brøgger, has been a key part of this. As he is now resigning from Wire after a 4,5 year sprint, we look forward to welcoming Andre Kiehne as the co-Managing Director along with co-founder and co-Managing Director, Alan Duric, to this next stage of the journey.”
Wire’s unique security capabilities and custom deployment options cater to enterprises and governments looking to protect their documents, and secure communications across teams, clients, and partners. The company currently has over 1,800 government and enterprise customers worldwide, including five of the world’s G7 governments – one being the German federal administration, with whom Wire works to ensure that federal authorities can use modern collaboration solutions.
Alan Duric, co-founder and co-Managing Director 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. We will continue to work to offer our customers complete peace of mind that their data is safe, whilst retaining our position as the undisputed leader in the secure collaboration space.”
The funds will enable the company to further invest in its technology and support market-wide platform interoperability to help make online collaboration more secure for everyone.
Wire is the most secure collaboration platform, transforming the way businesses communicate at the same speed and with the same impact that its founders disrupted telephony with Skype. Headquartered in Berlin with offices in Switzerland and San Francisco, Wire’s award-winning collaboration and communications platform counts over 1,800 government and enterprise customers worldwide, including EY, Fortum, the German government and four other G7 governments. Recognized for its secure collaboration platform as a leader and high performer by G2 Crowd, IDC, Forrester and Gartner, Wire offers messaging, audio/video conferencing, file-sharing, and external collaboration – all protected by the most advanced end-to-end encryption. Read more at: wire.com
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