Secure Messaging App Wickr Raises $30 Million Series B

[InfoSec News <alerts () infosecnews org>]

http://techcrunch.com/2014/06/26/secure-messaging-app-wickr-raises-30-million-series-b/

By Sarah Perez
TechCrunch.com
June 26, 2014

Self-destructing and encrypted messaging app Wickr raised $30 million in 
Series B funding, the company is announcing today, in a round led by Jim 
Breyer, founder and CEO of Breyer Capital, with participation from CME 
Group and Wargaming. Breyer will now join the company’s board. The new 
round comes on the heels of Wickr’s $9 million Series A announced earlier 
this year.

The app was created by CEO Nico Sell, also co-founder of the DEF CON 
security conference, as a tool that allows senders and receivers to 
communicate privately. Only the receiver is able to decrypt the message 
after it’s sent, as the company itself does not hold the decryption keys.

Security and privacy are popular topics in this post-Snowden era, where a 
backlash against mainstream social services is finding new footing with 
those of a younger generation, as well as those wanting to protect 
themselves from overzealous ad-targeting or even in some cases, 
totalitarian government regimes.

[...]

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