Fundz

Workstorm Closes Series A Funding Round, Marking Significant Milestone For Chicago-Based Company

PRIVATEOct 18, 2023

Round Type

Series A

ChicagoInformation TechnologySoftwareSecurityLegal

Investors

Author Capital PartnersSidley Austin LLP

Description

Workstorm, a leading provider of secure collaboration solutions, today announced it has closed its Series A round, valuing the company at $200 million. The company was advised by Sidley Austin LLP, and funding participants include Author Capital Partners and Chicago-based high-net-worth investors. The funding will be used to accelerate product development, expand its customer base, and support the growth of its sales and engineering teams.

Quick answer

Workstorm raised an undisclosed amount in a Series A round, dated October 18, 2023. Investors: Author Capital Partners and Sidley Austin LLP. Workstorm is based in Chicago, Illinois, United States.

How much did Workstorm raise?
Workstorm raised an undisclosed amount in a Series A round on October 18, 2023.
Who invested in Workstorm?
Author Capital Partners and Sidley Austin LLP are named as investors in this round.
What does Workstorm do?
Workstorm is a powerful collaboration platform, built to protect privacy and data, where you have your most important meetings, share information on a need-to-know basis, and stay focused on work.
Where is Workstorm based and how big is it?
Workstorm is based in Chicago, Illinois, United States.
Who are the decision-makers at Workstorm?
Fundz holds 1 contact at Workstorm. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Legal around the same time

Companies in the same sectors as Workstorm that raised within 45 days of this round, from Fundz verified event records.

  • LegalFly raised $2.2M (Seed) on November 28, 2023.
  • SGNL raised an undisclosed amount (Corporate Round) on November 16, 2023.
  • Vulcan Cyber raised $55M (Series B) on November 15, 2023.
  • TrojAI raised $2M (Seed) on November 15, 2023.
  • Zip raised $7.7M (Funding Round) on November 14, 2023.
  • Aikido Security raised $5.4M (Seed) on November 14, 2023.

Who to call at Workstorm, and when

A new round usually means Workstorm is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Workstorm raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Workstorm, from your own LinkedIn network

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Company Information

Company

Workstorm

Location

Chicago, Illinois, United States

About

Workstorm is a powerful collaboration platform, built to protect privacy and data, where you have your most important meetings, share information on a need-to-know basis, and stay focused on work.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Workstorm raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Workstorm raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.