Wire is an enterprise-focused messaging and collaboration platform offering end-to-end encryption, real-time audio/video, screensharing and compliance/user-management features. The product supports on-premise encrypted data storage (which most customers choose) and can operate in airgapped networks. Wire is built on the MLS security standard and has a compliance module that provisions a server‑side virtual device to enable auditable copies of regulated employees’ communications with user consent. The company targets governments, militaries and regulated industries (finance, healthcare) and counts more than 1,800 customers, including five of the world’s G7 governments and the German federal administration and parliament. Financially Wire reports ARR doubled in the last 12 months, turnover up 2x year over year, and double-digit customer growth since last year. Going forward the team plans to accelerate penetration in government, military and regulated markets, expand its compliance offerings, and develop SDKs to embed Wire into other solutions. Wire offers an end-to-end encrypted messaging and collaboration service that supports text, photos, videos, voice messages, file sharing, one-to-one conversations, rooms and video calls, with source code available on GitHub. The company has shifted focus from consumer to enterprise customers and targets large corporations and government customers; five G7 governments are currently using Wire. Wire encrypts communications by default so the company cannot decrypt conversations, and it is working on Messaging Layer Security (MLS) and improvements to conference calls and real-time interactions. The startup sees messaging and real-time collaboration converging and aims to offer a secure service across those scenarios. Wire currently has about 1,800 customers, a nearly 50% increase year-over-year, and reported that revenue tripled in 2020. The company is relatively small with roughly 90 employees, leaving room to grow and iterate. Wire provides an end-to-end encrypted messaging and collaboration platform aimed at enterprise customers while still serving consumer users. The product offers encrypted messaging, conference calls and file transfer with decryption keys stored only on user devices, and the company publishes its source code on GitHub. Wire has about half a million individual users and roughly 700 enterprise customers, including names such as Fortum, Aon, EY and SoftBank Robotics. The company shifted focus toward the enterprise market in 2017 and is developing federated protocol support and Messaging Layer Security (MLS) to expand secure deployments. Wire plans to introduce a freemium tier for consumers while pursuing a larger funding round to accelerate enterprise growth. Operationally, customers are licensed from Wire Switzerland, development remains in Berlin, and hosting stays in Europe despite a recent change in the group holding location. Wire is a communications app available on iOS, Android and Mac that emphasizes improved media processing, audio technology, file compression and delivery under a clean, gesture-driven interface. The app supports sharing text, pictures, GIFs, HD audio and embedded content from SoundCloud and YouTube, though it currently lacks real-time video chat or asynchronous video recordings. The team includes veterans from Skype, Apple, Nokia and Microsoft, with founders who previously built audio-processing companies and codecs. Wire plans to add video support, HTML5 web access (WebRTC compatible) and later premium features that users may pay for. The company implements end-to-end encryption for calls (SRTP) and TLS for messages and media, stores data in Europe, and is actively working on policies for message retention after account de-activation. Financially, Wire has raised an undisclosed amount of funding from Skype co-founder Janus Friis and Iconical.com.

Total raised

$54M

Funding rounds

4

Latest round

Series C

Latest activity

Aug 2022