Arlington, Va.–based WireWheel.io has secured $3.1 million in seed financing, which the company predicts will usher in a generation of tools to address the federal mandates around data privacy. WireWheel.io is planning an expansion, and is hiring.
The company, a cloud-based privacy and protection platform, was founded last year and uses machine learning and data science to meet emerging U.S. and international data privacy and compliance requirements. It was founded by Justin Antonipillai, the former Acting Under Secretary for Economic Affairs at the US Department of Commerce. He also led the U.S. negotiating team’s efforts to create the E.U.-U.S. Privacy Shield from 2013-2016.
“Today, enterprises lack an automated, scalable solution to help them find, classify and better use the data they have collected from their customers,” Antonipillai said in a statement. “Our core product is designed to empower privacy professionals to quickly find and inventory data and visually map out business processes, including with third-party vendors, using a really intuitive interface.”
The funding was led by PSP Growth and New Enterprise Associates, with participation from former AOL CEO Steve Case and entrepreneur Sean Glass.
“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,” said Penny Pritzker, former Secretary of the U.S. Commerce Department and founder and Chairman of PSP Capital, in a statement. “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.”
Join the conversation!
Find news, events, jobs and people who share your interests on Technical.ly's open community Slack
DC daily roundup: An athletic tech acquisition; a reflection on summer 2020's equity promises; data center taxes
DC daily roundup: Auxa Health's seed raise and Nasdaq shoutout; the $500M Tech Hubs race; TikTok ban's impact on the marginalized
DC daily roundup: Bowie State's tech transformation; Social data driving change; Ex-Foxtrot workers file suit
