Workstorm – a leading provider of secure collaboration solutions – recently announced it has closed its Series A round, valuing the company at $200 million. The funding participants include Author Capital Partners and Chicago-based high-net-worth investors. And the funding will be used for accelerating product development, expand its customer base, and support the growth of its sales and engineering teams.
This milestone represents a major achievement for the Chicago-based technology firm, mainly as a Minority Business Enterprise (MBE) dedicated to promoting innovation while prioritizing data security and privacy. And Workstorm’s collaboration platform offers enterprise messaging, video conferencing, document management, email and calendar integration, and custom integration capabilities.
Workstorm’s core values revolve on building a highly secure collaboration environment that prioritizes the privacy of user data. And from its inception, Workstorm has been committed to never selling or sharing client data.
With the latest round of funding, Workstorm is poised to enhance its product offerings, fuel innovation further, and expand its market reach, continuing its mission to enable organizations to collaborate effectively while safeguarding privileged information.
As Workstorm is setting its sights on future growth and innovation, the company remains committed to its Chicago roots and the thriving local tech ecosystem.
KEY QUOTES:
“Closing this funding round exemplifies our commitment to secure collaboration solutions and the growing relevance of our products in today’s digital landscape. This milestone is especially meaningful, as it showcases the positive impact that US-based companies can have in the technology sector, particularly as it relates to privacy.”
— Raj Fernando, Founder and CEO of Workstorm
“This marks a significant achievement for the Workstorm team and our advisory board. The dedication and exceptional expertise of every individual involved have been instrumental in reaching this milestone collectively.”
— Co-founder Nicholas Stech
“Workstorm’s ability to secure this investment at a critical phase is a testament to the company’s strong growth potential and the increasing demand for secure collaboration.”
— Author Capital’s Founder and Managing Partner, Duane Jackson
