A cybersecurity听startup听building a new type of communications and messaging platform has raised 拢2.2 million.听
Worldr鈥檚听platform is听built around privacy, security and data protection in team communication听as听government听agencies, law firms, banking institutions and those handling sensitive information face growing security challenges due to the听use of third-party communications platforms.听
Some of the biggest names in deep tech,听defence and finance听have backed听Worldr听as it heads into public launch later this year听following a six-month beta.听
The seed investment is led by IQ Capital, the Cambridge-based deep-tech听early stage听VC听and Playfair Capital, along with participation from cyber seed investors including听CyLon听(co-founded by Grace Cassy and Jonathan Luff), Andreas听Wuchner听(Group Head of IT & Risk at Credit Suisse) and听Privitar听Co-Founder, John Taysom.听听听
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Worldr听aims听to be the private & secure alternative to Slack, Teams and听Whatsapp听by utilising听split-key encryption by default whilst ensuring that all conversations are stored locally within each company.听听
This means that businesses have total control over who holds and can access corporate data, conversations, and sensitive files.听
In tandem听with听Worldr鈥檚听development of its private, secure & compliant communication platform, the UK tech firm has also built a wrap-around application for Microsoft Teams, which saw its usage double in听the last year to 145听million users.听听
By utilising听end-to-end encryption from the Signal protocol,听Worldr鈥檚听鈥榳rapper鈥� ensures that when a company uses Microsoft Teams, not even Microsoft, will have access to the conversations its employees are听having.听听
Worldr听plans to continue growing its line of 鈥榸ero trust鈥� products throughout the rest of this year.听
Max Buchan,听founder and CEO,听said: 鈥淚 am beyond excited to announce today鈥檚 news of funding from such a high calibre of investors in the cyber space.听听
鈥淭here is much anticipation to open up听Worldr听fully this summer, following its beta trials earlier this year. We will offer a truly private-by-design team communication tool without sacrificing usability.听听
鈥淎t the same time, we鈥檝e seen an unprecedented demand for our end-to-end encryption 鈥榳rapper鈥� for Microsoft听Teams, much of which has been on the back of security questions around remote working and the meteoric rise of Teams as a platform itself.听听
鈥淲orking with our investors, we are hitting the ground running and investing in our substantial roadmap of zero-trust solutions听for the听enterprise.鈥�