Image credits:: Wire
Wire, a Berlin-based enterprise-focused messaging platform, announced on Friday (August 12th) that it has secured €24M in a Series C round of funding. The round was co-led by Cipio Partners and Iconical, the investment vehicle of Skype co-founder Janus Friis. Existing investors, including UVC Partners, also participated.
The funds will enable the German company to develop market-wide platform interoperability to bring collaboration and support a more secure alternative for everyone. To date, the company has raised a total funding of €53M.
Alan Duric, the co-founder of Wire, says, “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.”
Wire: What you need to know
Founded in 2012 by some of the founders of Skype, Wire originally aimed at protecting personal users’ communications and data from cyber-attacks.
The company’s platform 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 platform is designed specifically for meeting the demands of government and enterprises looking to protect their documents and secure communications across teams, clients, and partners.
As per the company’s claims, 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.
Headquartered in Berlin, Wire has offices in Switzerland and San Francisco.
Investors
Based out of Luxembourg, Cipio Partners focuses on European growth stage technology businesses with €10-50M in revenue and makes initial investments ranging from €5-15M.
Roland Dennert, the managing partner at Cipio Partners, says, “Wire’s growth has been impressive these past years. Under CEO Morten Brøgger has been a key part of this. However, as he resigns from Wire after a 4,5-year sprint, we look forward to welcoming Andre Kiehne as the co-Managing Director and co-founder, Alan Duric, for this next stage of the journey we’re embarking on together.”
Janus Friis, the co-founder of Skype (Iconical), says, “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.”
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