Security Experts:

Connect with us

Hi, what are you looking for?



Data Privacy Management Firm WireWheel Raises $20 Million

Arlington, Va.-based data privacy management company WireWheel on Wednesday announced that it raised $20 million in a Series B funding round.

Arlington, Va.-based data privacy management company WireWheel on Wednesday announced that it raised $20 million in a Series B funding round.

The latest round, which brings the total raised by WireWheel to $45 million, was led by ForgePoint Capital, with participation from existing investors New Enterprise Associates, Revolution’s Rise of the Rest Fund, PSP Growth, Grotech and Sands Capital Ventures.

WireWheel logoThe company said it will use the money to accelerate go-to-market initiatives and improve its platform.

WireWheel has developed a SaaS privacy platform that can be used by organizations of all sizes. The company’s Privacy Operations Manager product is designed to automate tasks such as data discovery, inventories, incident management, privacy assessment, and compliance.

WireWheel’s Trust Access and Consent product enables organizations to put their customers in control of their data.

The company claims its solutions can help enterprises better manage personal data and comply with international privacy regulations, such as the EU’s GDPR and California’s CCPA.

“WireWheel’s best-in-class software orchestrates trust for privacy teams who don’t just want to check a box,” said Andrew McClure, principal at ForgePoint Capital. “That’s why some of the most privacy-mature organizations look to the team at WireWheel not only for domain expertise, but also for unmatched product sophistication. Customers leverage WireWheel’s core privacy platform to get in compliance fast, and build privacy protection directly into their DevOps pipelines, their products, and their data use and governance programs.”

Related: Data Security Startup Qohash Raises $6 Million

Related: Data Protection Firm BigID Raises $70 Million at $1 Billion Valuation

Related: Payment and Data Security Firm Bluefin Raises $25 Million

Related: Data Privacy Firm Privitar Raises $80 Million in Series C Funding Round

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.


Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Data Protection

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek


Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.