Overview
Virgil Security, Inc. is a cybersecurity firm located in Manassas, Virginia, focusing on embedding cryptographic capabilities into software applications. Established in 2014 by Michael W. Wellman and Dmitry Dain, Virgil Security is dedicated to offering tools that secure data and ensure compliance with regulations such as HIPAA, GDPR, and PCI DSS. Their solutions enable end-to-end encryption, password-free authentication, and cryptographic verification, empowering each software developer to become an applied cryptologist. A strategic collaboration with Twilio enhances encryption capabilities in cloud-based communication platforms.
Virgil Security's market standing is supported by an annual revenue of $1.5 million and a team of 19 employees.
Key Products and Services
1. E3KIT: A ready-to-integrate end-to-end encryption framework that secures communications.
2. PUREKIT: Focuses on data and password protection.
3. IOTKIT: Toolkits for secure IoT development and management.
4. COMMUNICATIONS PLATFORM: Secure, programmable solutions for chat, video, and voice applications.
5. VIRGIL MESSENGER: Ensures secure communication environments for communities and businesses, protecting communications and intellectual property.
These products facilitate easy integration of cryptographic features, accelerating technological adaptation across various platforms without needing formal cryptographic training.
Leadership
- Michael W. Wellman, Co-Founder and CEO, directs strategic leadership and oversees company operations, steering significant growth.
- Dmitry Dain, Co-Founder and CTO, enriches product development with his software engineering expertise and knowledge in advanced cryptography.
Financial Background
Virgil Security's financial resilience is evidenced by securing a $4 million Series A funding round led by KEC Ventures, with contributions from Bloomberg Beta, Blu Venture Investors, and angel investors. This financing aims to accelerate market adoption, expand their sales team, and explore new industry verticals.
Strategic Initiatives
Leveraging strategic partnerships and accelerators such as MACH37, Virgil Security aims to broaden industry applications with a focus on healthcare, automotive, and cloud computing sectors. These initiatives enhance market presence and foster the development of cutting-edge security solutions.
Key Competitors
Virgil Security encounters strong competition in the cybersecurity field:
- Akeyless: Manages credentials, certificates, and keys across environments with a scalable platform for DevOps and legacy environments.
- Virtru: Offers data-centric security solutions and integration with common applications like Gmail and Outlook, ensuring compliance with strict regulations.
- Fortanix: Specialized in Confidential Computing, providing a platform to manage data exposure risks in multicloud settings.
- TrustNet: Provides cybersecurity compliance advisory with managed security and audit services.
- CipherCloud: Focuses on cloud security with data protection, compliance, and integration capabilities.
Market Position and Strategic Insights
Virgil Security's unique positioning in cryptographic services distinguishes it among competitors offering broader cybersecurity solutions. Competitors employ varied strategies such as cloud-native solutions (Akeyless), data-centric encryption (Virtru and CipherCloud), and leadership in Confidential Computing (Fortanix). These strategic insights present pathways for Virgil Security to innovate and differentiate by exploring partnerships, expanding service offerings, or leveraging advancements in cryptographic technology to combat emerging cybersecurity threats and compliance challenges.
