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Worldr [Online Privacy Care Taker] raised $11 million

Worldr funding, operations, valuation, investors

Worldr, based in London, has created software that assists firms in meeting regulatory and security criteria set by organizations such as the Financial Conduct Authority.

The software transforms data that is generally saved on the servers of a third-party communication tool into data that belongs to the user.

 

Worldr Funding

Worldr, a team communication app provider situated in London, UK, has acquired $11 million in seed funding.

 

Molten Ventures led the round, joining existing investors IQ Capital and Playfair Capital, as well as Pretiosum Ventures, Navigate VC, MD One Ventures, and angel investors Alex Walsh (Senior MD, Blackstone), Hussain Baig (ex-Global COO & CIO, HSBC), and John Theroux (ex-Vice Chairman, Bain & Co).

 

The funds will be used to develop the company’s global presence.

“Data sovereignty has never been more critical,” stated Worldr’s CEO. 

 

Worldr Evaluation

Till date Worldr has generated a total of $11 Million with Revenues not shared publicly bringing the approximate networth of Startup close to $30 million.

Worldr Integration Software

With the rise of cyberattacks, data localisation requirements, and regulatory scrutiny, it is no longer adequate to rely on collaboration platforms to keep business interactions secure and compliant.

 

“Companies, understandably, demand ownership over their data in order to protect themselves from operational, reputational, and regulatory risk.”

 

Worldr will use seed cash to create a new office in New York and expand its footprint in the Middle East.

 

“Data sovereignty has never been more critical,” stated Worldr’s CEO. 

 

With the rise of cyberattacks, data localisation requirements, and regulatory scrutiny, it is no longer adequate to rely on collaboration platforms to keep business interactions secure and compliant.

 

“It makes sense that companies want to own their data in order to avoid operational, reputational, and regulatory risk.”

 

Expansion Plans

Worldr will use seed cash to create a new office in New York and expand its footprint in the Middle East.

 

Worldr for WhatsApp was made because it was needed right away to deal with the compliance and auditing problems caused by the use of WhatsApp in regulated industries.

 

Financial regulators in the United States and the United Kingdom are cracking down on the use of private messaging apps, with the Securities and Exchange Commission (SEC) fining 16 US banking firms a total of $1.8 billion. 

 

Worldr for WhatsApp 

Employees can keep in touch with clients, teams, and other stakeholders while still following SEC, GDPR, and FINRA compliance rules. Messages are stored in a secure location so that compliance searches and audits can be done. It also does not necessitate any additional program or download for the end user.

 

Importantly, with Worldr, the platform itself takes care of the data, which is a huge step forward for data sovereignty.

 

Worldr adds layers of privacy, security, and compliance to existing conversations. Its solutions for Microsoft Teams, Slack, and WhatsApp make it possible for businesses to follow rules and keep data safe without switching from the platforms they are already using.

 

Investors Remarks

 

“Any company that deals with sensitive information needs to move toward zero trust and data sovereignty,” said Leonora Ross-Skinner, an investor at Molten Ventures. 

 

“Any company that deals with sensitive information needs to move toward zero trust and data sovereignty,” said Leonora Ross-Skinner, an investor at Molten Ventures. 

 

Worldr’s unique optimization suite improves privacy, security, and data protection while working well with existing enterprise software. With Worldr, data is the organization itself, which is an important step forward for data sovereignty.

 

“We have made multiple investments in the cyber and privacy fields, so we are very excited to work with Max, his world-class team, and our respected fellow investors to build a category-leading firm with security at its core.”

 

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I am William Parker, an RV lover, an adventurer - in short, Beaver Instincts. I am also a professional content creator who knows fairly well how to compare different products, services and sites.

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