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Thru

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Enterprise File Sync & Share (EFSS) | Managed File Transfer (MFT)

Irving, United StatesFounded 2002Other B2B Software
Valuation $50–100M Last recorded · 2013
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Thru and the history behind them.

About Thru

Thru, Inc. provides a cloud-native Managed File Transfer (MFT) platform designed for secure and scalable data exchange. The company was founded in 2002 by Lee Harrison, who currently serves as CEO, alongside a founding team that includes Sergey Arutiunov and Linden “Lindy” Manuel. The idea for the company emerged after the events of 9/11 and the dot-com crash, when Harrison identified a critical need for a more secure alternative to traditional FTP for business file transfers. To launch the venture, initially known as Rumble Group International LLC, the founders acquired technologies and talent from SGI, Rumble Group, and I/O Partners, officially launching their first product, File Transaction Hub™ (FTH), in December 2002 as a web-based FTP replacement.

Lee Harrison brings over two decades of management experience in technology, having previously founded I/O Partners, Inc., a systems integrator he grew to $27 million in revenue. His operational and financial expertise guided Thru to recognition in Gartner's Magic Quadrant. Sergey Arutiunov, Head of Product and Solutions and the company's Data Protection Officer, has over 20 years of experience in software design and cloud operations. Lindy Manuel, the Chief Financial and Operating Officer, has a 30-year background in technology, project management, and corporate turnarounds, and was part of the initial launch team before rejoining in 2018.

Thru operates on a usage-based SaaS model, catering to clients from small businesses to large global enterprises in sectors like financial services, healthcare, and manufacturing. The core of its business is a Managed File Transfer as a Service (MFTaaS) platform built on a distributed microservices architecture, which allows for dynamic scalability and continuous updates with no downtime. Key features include end-to-end AES-256 encryption, multi-factor authentication (MFA), role-based access controls (RBAC), and comprehensive audit trails to meet compliance standards such as SOC 2, GDPR, and HIPAA. The platform's API-centric design ensures that every function can be programmatically controlled for deep integration into a company's IT landscape. For organizations with data residency concerns, Thru offers a hybrid architecture where on-premises MFT agents are controlled by the cloud, keeping sensitive data on a private network. The company has established partnerships with major integration platforms, including being named Boomi's 2024 Emerging Technology Partner of the Year and offering a connector in the MuleSoft Anypoint Exchange. In May 2025, Boomi announced a definitive agreement to acquire Thru, intending to embed its MFT functionality directly into the Boomi Enterprise Platform.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2002
Headquarters
Irving, United States
Employees
51
Open positions
None listed
Dealroom signal
33.0/100
Industry
Enterprise Software
Sector
Other B2B Software, Storage, Back Office
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Apr 2012
Capital deployed
—
Preferred round
ACQUISITION

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit May 2025 $0 — Boomi ↗
SERIES C✓Equity / VC Apr 2013 $11M $44M Undisclosed —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

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

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Thru website traffic

Latest recorded traffic for Thru is 7.7K monthly website visits, down 8.3% over the last three months. Thru's team declined 5.6% over the past year.

Latest monthly visits7.7K 3-month web change-8.3% 1-year team growth-5.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

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

Seed2 investors entered at this stage

  • L&P Investments
  • McKay Trust

Other known investors1 additional known investor

  • Boomi
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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
3 countries with
team presence
🇺🇸 United States85.7%
🇮🇳 India7.1%
🇦🇺 Australia7.1%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Thru 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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