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KoolSpan has raised $15.0M across 3 funding rounds.
Key people at KoolSpan.
KoolSpan has raised $15.0M in total across 3 funding rounds.
KoolSpan, based in Bethesda, Maryland, provides secure mobile communication solutions with end-to-end encryption for sensitive voice, text, video communications, serving government agencies and large enterprises. The company delivers encrypted communications and conferencing capabilities via desktop and mobile applications for Android and iOS. Its solutions integrate with existing corporate infrastructure to establish protected environments, crucial for clients prioritizing security and compliance. KoolSpan has transitioned from hardware-based encryption, like the TrustChip, to software-based architectures, leveraging cryptographic advancements. The company employs 15 individuals and holds 42 issued patents globally related to encrypted voice and data communications. Randy Siegel is identified as a company representative for KoolSpan, a privately financed entity founded in 2002. Its business model centers on privately financed company serving government agencies and large enterprises where security and compliance are paramount.
Key people at KoolSpan.
KoolSpan has raised $15.0M across 3 funding rounds. Most recently, it raised $7.0M Series C in May 2008.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2008 | $7M Series C | — | Rose Tech Ventures | Announced |
| Oct 1, 2006 | $7M Series B | — | Rose Tech Ventures | Announced |
| Feb 1, 2004 | $1M Series A | — | Rose Tech Ventures | Announced |
KoolSpan, Inc. is a Bethesda, Maryland-based cybersecurity company specializing in secure communications solutions that protect against cyber attacks, privacy violations, and data theft.[1][2][4] It develops products like TrustCall and TrustCall Dome, which enable encrypted voice calls, chats, messages, video conferencing, and file transfers entirely within an organization's private network or on-premises environment, serving governments (including the U.S. Department of Defense and National Geospatial-Intelligence Agency), enterprises, and regulated industries in over 60 countries across financial services, manufacturing, energy, transportation, and healthcare.[1][2][3][4][6] With 42 issued international patents and revenue around $8.5 million, KoolSpan maintains a lean, focused operation competing against larger players by prioritizing targeted, high-security solutions without data mining or public internet exposure.[1][2][4]
KoolSpan's roots trace back to the early 2000s smartphone era, predating the 2007 Apple and Google announcements by five years, when it began developing secure mobile communications in partnership with OEMs like Samsung and LG, and carriers like AT&T.[4] Founded as a privately held U.S. company headquartered in Bethesda, Maryland, it evolved from cryptography expertise into a provider of mission-critical network security, amassing 42 patents and expanding to serve global governments and enterprises.[1][2][3][6] Pivotal moments include deployments for the U.S. National Geospatial-Intelligence Agency (NGA) for private network secure communications with eDiscovery compliance, and recognition in Forrester's Q2 2024 Secure Communications Solutions Landscape report as a market leader.[4][6]
KoolSpan rides the surging demand for zero-trust, on-premises secure communications amid escalating cyber threats to intellectual property and classified data, amplified by regulatory pressures in defense, healthcare, and finance.[1][4][7] Its timing aligns with post-2020 remote work shifts and MDM evolution, where consumer apps like WhatsApp fail high-security needs, positioning KoolSpan as a bridge for enterprises adopting hybrid environments while complying with eDiscovery and data sovereignty rules.[4][6] By partnering with governments and carriers, it influences the ecosystem through innovations like Dome architecture, fostering trusted IT frameworks and enabling regulated industries to maintain control over sensitive flows without big-tech intermediaries.[2][3][4]
KoolSpan is poised to expand in critical infrastructure and AI-driven threat landscapes, leveraging its patents and Forrester leadership to capture share from legacy MDM add-ons and vulnerable apps.[4][8] Trends like quantum-resistant crypto and stricter global privacy laws (e.g., beyond GDPR) will propel demand for its non-data-mining, hardware-secured model, potentially through deeper government contracts and SMB penetration via resellers.[1][7] Its influence may grow by setting standards for "Dome-like" perimeters, solidifying its niche as the agile defender in a world of sprawling cyber risks—proving that focused, lean security triumphs over bloated alternatives.[1][4]
KoolSpan has raised $15.0M in total across 3 funding rounds.
KoolSpan's investors include Rose Tech Ventures.
