The new funding round was led by Molten Ventures, with continued support from IQ Capital and Playfair Capital. Pretiosum Ventures joined Navigate VC and national security focused MD One Ventures in the Seed round. A multitude of industry specialist angels joined the round too including Alex Walsh (Senior MD, Blackstone), Hussain Baig (ex, Global COO & CIO, HSBC) and John Theroux (ex-Vice Chairman, Bain & Co).
This new capital will enable Worldr to meet the growing demand for its zero trust architecture, which empowers organisations to retain data sovereignty over information shared on communication and collaboration platforms, such as Microsoft Teams, WhatsApp, Outlook and Slack. To meet the growing market demand for its zero trust architecture, Worldr will expand its presence in the US with a dedicated office in New York City. This will support the company’s ongoing relationship with Microsoft, as part of the Independent Partner Network. It is also expanding its operations into the Middle East and has started building a dedicated team based in Dubai.
Max Buchan, CEO at Worldr, comments “Data sovereignty has never been more important. The increase in cyberattacks, data localisation requirements, and scrutiny from regulators mean that it is no longer enough to blindly trust that collaboration platforms are keeping business communications secure and compliant. Companies rightfully want control of their data to protect themselves against operational, reputational and regulatory risk. This has not only fuelled demand for our zero trust architecture for Microsoft Teams, but we are also being challenged to apply this solution across an organisation’s entire software environment. This funding will be critical to helping us further this mission and scale to meet the demand.”