BitArmor

Pittsburgh, United States Founded: 2003 • Age: 23 yrs Acquired By Trustwave
Enterprise data security is ensured via encryption-focused solutions.
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About BitArmor

BitArmor is a company based in Pittsburgh (United States) founded in 2003 was acquired by Trustwave in January 2010.. BitArmor has raised $5.12 million across 2 funding rounds from investors including Trustwave, Draper Triangle and Innovation Works. BitArmor operates in a competitive market with competitors including Proton, Dropbox, Vaultree, Evervault and Mind Network, among others.

  • Headquarter Pittsburgh, United States
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Enterprise Software & Productivity Solutions
Technology → Cybersecurity & Privacy Solutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $5.12 M (USD)

    in 2 rounds

  • Latest Funding Round
    $4.87 M (USD), Series A

    Dec 02, 2009

  • Investors
    Trustwave

    & 3 more

  • Employee Count
    Employee Count
  • Acquired by
    Trustwave

    (Jan 12, 2010)

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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
  • Total Rounds 2
  • Last Round Series A — $4.9M
  • First Round

    (11 Aug 2005)

  • Investors Count 3
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2009 Amount Series A - BitArmor Valuation Draper Triangle
Aug, 2005 Amount Seed - BitArmor Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
US focused early stage VC investments company
Founded Year Domain Location
Software, hardware, and life sciences startups are funded and accelerated.
Founded Year Domain Location
Venture Capital firm investing in growth stage companies primarily in the US
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by BitArmor

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - BitArmor

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bitarmor Comparisons

Employees
+
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Competitors of BitArmor

BitArmor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Proton, Dropbox, Vaultree, Evervault and Mind Network, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Encrypted digital services are provided by Proton for privacy-focused users.
domain founded_year HQ Location
Cloud-based file sharing and collaboration tools are offered for enterprises.
domain founded_year HQ Location
Data-in-use encryption is developed for secure processing and sharing.
domain founded_year HQ Location
Data encryption solution provider
domain founded_year HQ Location
Encrypted data lake is offered for secure data management.
domain founded_year HQ Location
End-to-end data encryption is delivered for secure cloud processing.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Bitarmor

Frequently Asked Questions about BitArmor

When was BitArmor founded?

BitArmor was founded in 2003 and raised its 1st funding round 2 years after it was founded.

Where is BitArmor located?

BitArmor is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.

Is BitArmor a funded company?

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 11, 2005.

What does BitArmor do?

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.

Who are the top competitors of BitArmor?

BitArmor's top competitors include Dropbox, Proton and Vaultree.

Who are BitArmor's investors?

BitArmor has 4 investors. Key investors include Trustwave, Draper Triangle, Innovation Works, and Meakem Becker Venture Capital.

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