Workstorm, a Chicago-based company specializing in collaboration solutions, has closed its Series A funding round, valuing the company at $200 million. The funding saw participation from investors including Author Capital Partners. Workstorm plans to put the funds toward accelerating product development, expanding its customer base and growing its sales and engineering teams.
Workstorm’s platform offers secure collaboration tools for legal, government and professional services organizations. It also serves compliance-mandated industries like healthcare and finance. The company’s solution offers features including messaging, video conferencing, document management, email and calendar integration and custom integration capabilities.
On a mission to help organizations collaborate effectively while safeguarding sensitive information, Workstorm plans to invest in enhancing its product offerings and extending its market reach.
