Welcome!

News Feed Item

WireWheel.io Secures $3.1 Million in Seed Round Led By PSP Growth and NEA

Privacy tech company to help global enterprises prepare for GDPR compliance

ARLINGTON, Va., Nov. 14, 2017 /PRNewswire/ -- WireWheel.io, the developer of an innovative cloud-based data privacy and protection platform, announced today it has completed a $3.1 million seed round of financing.  PSP Growth, a private investment firm founded by entrepreneur and former US Commerce Secretary Penny Pritzker, and New Enterprise Associates (NEA) led the investment round with participation from Steve Case, Sean Glass and others.  The company plans to use the investment to hire technical talent, build out its product and test with early adopters.

WireWheel.io was founded in 2016 by Justin Antonipillai, former Acting Undersecretary of Economic Affairs at the US Department of Commerce in the Obama administration and lead US Negotiator of the EU-US Privacy Shield, along with database and machine-learning experts Amol Deshpande and Chris Getner. WireWheel aims to modernize and simplify how global enterprises protect and manage the privacy of personal data.

The General Data Protection Regulation (GDPR), one of the biggest changes to data privacy and data protection regulation in 20 years, takes effect May 25, 2018.

"Today, enterprises lack an automated, scalable solution to help them find, classify and better use the data they have collected from their customers. WireWheel.io gives privacy professionals the tools to safeguard and steward the most important asset organizations manage: their customer data," said Justin Antonipillai, founder and CEO of WireWheel.io. "Without the right tools, businesses risk harm to their brand and significant fines for non-compliance, under GDPR. Our core product empowers privacy professionals to quickly find and inventory data and visually map out business processes, including with third-party vendors."

WireWheel.io's successful seed round financing demonstrates strong support for a new generation of tools to address the mandates around data privacy.

"In both the public and private sectors, I have seen the power that data brings to solving today's challenges. In fact, data privacy and data protection were some of the most significant issues we handled on the international stage during my tenure in government service," said Penny Pritzker, founder and Chairman of PSP Capital. "Now, more than ever, it is imperative that companies and governments build trust and show that they are taking care of their customer's personal data. The WireWheel team brings tremendous expertise in understanding the regulatory maze, advanced technologies and business needs surrounding data privacy."

"WireWheel.io's Data Privacy and Protection platform is well-positioned to be an industry game changer and reshape how companies protect their customer's data," said Dayna Grayson, Partner at NEA.  "We are excited to support the WireWheel team as they build a great company in an exciting category." 

About WireWheel.io
WireWheel.io delivers a cloud-based solution to help privacy professionals become GDPR-ready and operationalize privacy in the enterprise. To learn more visit, www.wirewheel.io

About PSP Growth and PSP Capital
To learn more visit, www.pspcapital.com/pspgrowth

About New Enterprise Associates
To learn more visit, www.nea.com

View original content with multimedia:http://www.prnewswire.com/news-releases/wirewheelio-secures-31-million-in-seed-round-led-by-psp-growth-and-nea-300555439.html

SOURCE WireWheel.io

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...