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WireWheel Raises $3.1 Million

Data privacy management platform WireWheel Raises $3.1 Million
Credit: wirewheel.io

Security startup WireWheel announced it has closed $3.1 million in seed financing, led by PSP Capital and New Enterprise Associates.

Wirewheel provides next-generation data privacy management. Its software combines machine learning, data science and cloud computing to help privacy teams meet new data security and compliance challenges. The company aims to identify potential risks proactively, based on pre-selected industry standards or metrics, and get actionable recommendations for risk reduction.

WireWheel plans to use the investment to hire technical talent, build out its product, and test with early adopters.