About BitArmor
BitArmor is a Technology company based in Pittsburgh (United States) founded in 2003, and was acquired by Trustwave in January 2010. Enterprise data security is ensured via encryption-focused solutions. BitArmor has raised $5.12 million across 2 funding rounds from investors including Trustwave, Draper Triangle and Innovation Works. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Cybersecurity, Data Security and Encryption. Its competitors include Dropbox, Baffle and PGP Corporation; 3 of its 3 listed competitors have raised funding.
Company details
BitArmor was founded in 2003 and is headquartered in Pittsburgh, United States. Operations center on the enterprise data security sector, where encryption-based tools are developed and provided. Key offerings include Smart Tag technology, by which encryption policies are attached to individual files or folders for persistent protection, emphasizing data safeguarding over device access. Services target organizational needs for secure file management.
- Headquarters Pittsburgh, United States
- Stage Acquired
- SectorsTechnology
- Website bitarmor.com
- Social X
- Acquired by Trustwave (Jan 2010)
Funding Insights of BitArmor
BitArmor has successfully raised a total of $5.12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.87 million completed in December 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.12M
- Total Rounds 2
- Last Round Series A — $4.87M
- First Round $250,000
(Aug 2005)
- Investors Count 3
All 2 funding rounds of BitArmor with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2009 | $4.87M | Series A | – | Draper Triangle | – |
| Aug 2005 | $250,000 | Seed | – | – |
4 investors in total: 4 institutional.
Investors in BitArmor
BitArmor has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Trustwave, Draper Triangle and Innovation Works.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused early stage VC investments company | 1999 | drapertriangle.com | Pittsburgh, United States | |
Software, hardware, and life sciences startups are funded and accelerated. | 1999 | innovationworks.org | Pittsburgh, United States | |
Venture Capital firm investing in growth stage companies primarily in the US | mbvc.com | Sewickley, United States | ||
Provider of cybersecurity suite solutions | 1995 | trustwave.com | Chicago, United States |
Investor details for BitArmor
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of BitArmor
4 dated milestones of BitArmor across 7 years, from founding to its latest funding, stage changes and deals.
- Founded BitArmor is founded.
- Funding First funding round of $250K.
- Funding Latest funding round, Series A, of $4.9M.
- Exit Acquired by Trustwave.
Competitors of BitArmor
BitArmor has 3 listed competitors in our database, 3 of them funded. They include Dropbox, Baffle and PGP Corporation.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dropbox.com | 2007 | San Francisco, United States | $607.2M | 2,316 | Cloud-based file sharing and collaboration tools are offered for enterprises. | |
| baffle.io | 2015 | Santa Clara, United States | $29M | 25 | End-to-end data encryption is delivered for secure cloud processing. | |
| pgp.com | 1996 | Menlo Park, United States | $27.53M | Email and data encryption software is provided for enterprise protection. |
Detailed competitors of BitArmor
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Enterprise Collaboration & Video Tools
3 companies that operate in the same segment as BitArmor (Enterprise Collaboration & Video Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | 2,555 | ||
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.62 M | 2,877 | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 |
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Frequently Asked Questions about BitArmor
BitArmor was founded in 2003 and raised its 1st funding round 2 years after it was founded.
BitArmor is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
BitArmor is a funded company, having raised a total of $5.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Aug 2005.
BitArmor was founded in 2003 and is headquartered in Pittsburgh, United States. Operations center on the enterprise data security sector, where encryption-based tools are developed and provided. Key offerings include Smart Tag technology, by which encryption policies are attached to individual files or folders for persistent protection, emphasizing data safeguarding over device access. Services target organizational needs for secure file management.
BitArmor's top competitors include Dropbox, Baffle and PGP Corporation.
BitArmor has 4 investors. Key investors include Trustwave, Draper Triangle, Innovation Works, and Meakem Becker Venture Capital.
Yes. BitArmor was acquired by Trustwave in January 2010.