Virtru Gets $50M at $500M Valuation to Boost Data Governance

Virtru Targets AI-Driven Control of Unstructured Data With Iconiq-Led Funding Round Michael Novinson (MichaelNovinson) • July 11, 2025

A data-centric security vendor led by a former U.S. Department of Commerce official raised $50 million to capitalize on emerging opportunities around unstructured data governance and AI.

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Washington D.C.-based Virtru sees itself as increasingly relevant in an age where sensitive data must traverse both public- and private-sectors, said SVP and CMO Matt Howard. The former director of Commerce's office of policy and strategic planning said the new funding doubles Virtru's valuation to $500 million. It will help the firm enable persistent, granular control of sensitive data even as it flows beyond the network perimeter, he said.

"This is an overnight success that's taken more than a ...