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Intertrust

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Trusted computing for secure data interoperability.

Sunnyvale, United StatesFounded 1990Security
Valuation $40M Market cap · 1996
Revenue $646M Latest reported FY
EBITDA $261M Latest reported FY
Total funding $10–50M Disclosed equity funding

About Intertrust

Intertrust Technologies is a software technology firm specializing in trusted distributed computing and digital rights management (DRM). Founded in January 1990 by Victor Shear as Electronic Publishing Resources, the company was renamed Intertrust Technologies in 1996. Shear, a sociologist by training, envisioned creating technologies to enable trusted commercial transactions over open networks, anticipating the challenges of securing digital content in a highly distributed online world. His early work in the 1980s included efforts to patent software for metering and protecting data on compact discs.

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The company's core business revolves around its Intertrust Platform, a suite of products that provide data security, governance, and interoperability. This platform enables clients to securely manage and share large, distributed datasets across different organizations and cloud environments without compromising security or privacy. Key technologies include data virtualization, which allows data to be analyzed at its source without costly and slow transfers, and fine-grained access controls. The platform integrates features like key management, authentication, and secure processing environments for IoT and mobile devices. Its business model is primarily based on subscriptions and partnerships with companies in sectors such as energy, media, automotive, and healthcare.

Intertrust has a long history in the development of DRM technologies. A significant part of its business is based on the Marlin DRM standard, which it co-founded with Panasonic, Philips, Samsung, and Sony. The company offers the ExpressPlay Media Security Suite, a cloud-based multi-DRM service for protecting streamed and broadcast content, complemented by anti-piracy and forensic watermarking services. Throughout its history, Intertrust has been involved in significant intellectual property milestones, including a patent infringement lawsuit against Microsoft that was settled for $440 million in 2004. The company went public in 1999 before being taken private in 2003 by a joint venture involving Philips, Sony, and Stephens Inc. Over the years, it has attracted investment from major corporations like German utility E.ON and Australia's Origin Energy.

Source: Dealroom company data

At a glance

Status
Operational
Founded
1990
Headquarters
Sunnyvale, United States
Listing
IPO 1999
Employees
148
Open positions
None listed
Dealroom signal
65.2/100
Industry
Security
Sub-industry
Data protection, Public safety
Sector
Security, Data Protection, Network Security, Banking, Cybersecurity, Automotive Cybersecurity, Startup Estonia, DT and LS
Technology
Big Data, Deep Tech
Business model
SaaS
Client focus
b2b
Investment activity
4 companies, latest Aug 2017
Capital deployed
$0
Preferred round
ACQUISITION

Latest news

Press, funding announcements and product moves mentioning Intertrust.

See all news

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC Oct 2022 $0 JERA
SERIES BEquity / VC Mar 2019 $28M $112M Undisclosed
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMargin
2026 $646M 0% $261M 40.4% $98M 15.2%
2025 $646M 0% $261M 40.4% $98M 15.2%
2024 $646M 0% $261M 40.4% $98M 15.2%
2023 $646M 0% $261M 40.4%
2022 $646M 0% $261M 40.4%
2021 $646M 0% $261M 40.4%
2020 $646M $261M 40.4%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Intertrust website traffic

Latest recorded traffic for Intertrust is 2.7K monthly website visits, down 34.1% over the last three months. Intertrust's team declined 12.9% over the past year.

Latest monthly visits2.7K 3-month web change-34.1% 1-year team growth-12.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Series B and later3 investors entered at this stage

  • World Innovation Lab
  • Innogy Innovation Hub
  • JERA

Other known investors3 additional known investors

  • Future Energy Ventures
  • Innogy Ventures
  • RVC
Team profiled 69 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
18 countries with
team presence
🇺🇸 United States34.2%
🇮🇳 India29.1%
🇪🇪 Estonia8.9%
🇫🇷 France3.8%
🇨🇳 China3.8%
Top 5 of 18 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Intertrust on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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