# Trustwire

Secure, easy-to-use file exchange and storage solution: a more secure Dropbox

## Elevator pitch
There isn't a simple way to exchange files confidentially: email is insecure, Dropbox and Google Drive can read your files, and strong encryption tools are difficult to use. We created Trustwire to provide a secure and easy way for the everyday user to exchange and store files. Any industry who shares confidential files – accounting, law, healthcare, security etc. – makes up our $8B market. We released V1 of Trustwire in June 2018 and now have 5,000 users. 

- Canonical URL: https://wefunder.com/trustwire
- Entity ID: wefunder:company:30898
- Last updated: 2026-06-23T05:01:19Z
- Generated at: 2026-06-23T05:05:45Z

## Quick facts
- 5,000 Trustwire users since our launch in June 2018.
- CEO & Founder Hugh Hall has been working in cybersecurity since 2002.
- Reached over 1,000 users before public launch.
- Key innovation: no passwords necessary. Files secured through a private and public key.
- Enterprise content management is an $8 billion market.
- We offer end-to-end encryption, our software is simple for anyone to use, and files are accessible anywhere with internet access.

## Active fundraises
- wefunder:fundraise:21716: 4(a)(6) successful (USD)

## FAQ
1. **This is cool in concept but doesn't "end-to-end" encryption require the recipient to hold a private key? It is cool but the reason why Google Drive/Dropbox is winning is because it is free/easy to use/convenient. Even though users care about security, convenience trumps every ...**
   - Thank you Calvin for the excellent question. You are correct about the private key (or more precisely, public key encryption), and that's what made Trustwire exponentially more secure than other file exchange and storage services. However, what makes Trustwire unique is how easy we have made encryption for everyday users. We hide the complexity of encryption so that users don't need to worry about managing their encryption keys. Trustwire also makes it easy for others to send you files secure...
2. **This looks promising. A couple questions. 1. Do you or will you offer BAA's for organizations with PHI data protected by HIPAA? 2. Are you hosting all of the data yourself or using something like AWS? 3. Can you offer enterprise customers hosting within constrained geographic ...**
   - Hi Julian, thank you for interested in Trustwire, and I'm glad that you asked the excellent questions that are also the concerns of many business owners. 1. We expect to be HIPAA compliance in the coming year. Please rest assured that Trustwire's security far exceeds what HIPAA requires. However, HIPAA has some requirements that can affect the user experience for consumers and some businesses, and we are currently working on solutions that will satisfy both HIPAA and our design philosophy of ...
3. **How do you justify a $5M pre-money valuation when your revenue is currently only "a few thousand dollars".**
   - Hi Christopher, that's an excellent question. As explained in our legal documents and as you're probably aware valuing early-stage companies is inherently difficult. Company valuation depends on many factors such as founders’ backgrounds and experiences, industry, growth potential, current and projected profits and cash flow, how similar businesses are being valued, and intellectual properties, etc. Trustwire is a cybersecurity company, and companies in this sector generally have higher valua...
4. **Hi Hugh, following up Calvin's question on end-to-end encryption. Where is the private key actually stored? Reading the materials the claim is that encryption occurs in the browser and the private key never leaves the user's computer. But if the key was stored in the user's co...**
   - Hi Gerardo, that's an excellent technical question! A key pair (a public key and a private key) is created when you first sign up for a Trustwire account. The public key is uploaded to the key server so that others can send you files securely. The private key is encrypted using your password, and the encrypted private key is uploaded to the server. Since your password and the unencrypted private key will NEVER be sent to the Trustwire servers, only you can decrypt and access your files.
5. **Hi Trustwire team. Interesting offering. I'm in this space, within the legal vertical. What differentiators do you have versus not just the obvious big box cloud storage and sharing, (Dropbox, box, Google Drive), but the commercial-focused companies like ShareFile, Intermedia,...**
   - Hi Dennis, excellent questions! (A) Your files stored at most cloud storage/file sharing providers can be accessed by such companies. These companies only use encryption technologies to protect data transmissions and maybe storage servers, and they possess the encryption keys. It means that they have full access to your data and can potentially turn your files over to anyone they deem necessary. You really don't have a lot of control over your own files. In contrast, Trustwire uses true end-t...

## Team
- Angela Hall (Chairman of the Board)
- Hugh Hall (CEO)
- Bo Nick (Chief Experience Officer)
- Esther Chou (Director of Design)
- 俊 奎 (Chief Technology Officer)
- Fandy Zhang (Chief information Security Officer)

## Q&A
- Q: Just signed up with a trial business account. From a user standpoint, what makes Google Drive convenient (if not secure) is the synchronization. I have about 600 GB of data automatically synced between my computer and GD. I don't see a similar option with Trustwire; manually uploading hundreds of thousands of individual files would be so impractical as to be impossible. Is any sort of automatic synchronization process in the works? I can't see building a significant user base (especially made up of users with up to 2 TB of data) until one exists. Thanks.
  - A: Hi Christopher, thank you for the excellent suggestions! Trustwire is a secure file sharing solution, which is different from cloud storage solutions such as Google Drive or Dropbox. However, we also understand that certain cloud storage features can also benefit our users. For this, we are working on a new version of Trustwire with many new features, which we plan to release in the first quarter of 2019. We are also working on client apps for iOS, Android, Windows, and MacOS. We expect the new Trustwire release and the apps will help Trustwire to reach a much broader market, and we will see a much higher user adoption rate.
- Q: Hi Hugh - I noticed recently that Sync.com is promoting end to end encryption. Is there a material difference between their solution and Trustwire's? I know you've addressed various competitors before in these questions, but I couldn't find Sync.com in particular. Also, do you have an estimated timeline on the launch of file sync features similar to DropBox and other services? I think it's that deep level of convenience that makes those services really popular. Thanks again for your time.
- Q: One additional question: I know that a lot of top US Financial Institutions are users of ShareFile. Can you elaborate on how you differentiate your offering from a competitor like ShareFile? What would be the value proposition for attracting customers from existing platforms like that, which use it to share sensitive data with clients already?
  - A: Hi Brian, that's an excellent question! The main difference between Trustwire and ShareFile or other file sharing solutions is the level security. Companies that use Trustwire have full control of their files at all time. For example, in the event of a lawsuit or an investigation, ShareFile may turn over users' files to the court/investigator, and the user has very little control over his/her own files. In contrast, Trustwire uses strong end-to-end encryption, and we do not have the technical capability to access our users' files. That means corporations that use Trustwire will have full control over their own data. This is crucial for many corporations to protect their trade secrets and other important documents.
- Q: Hi Hugh, following up Calvin's question on end-to-end encryption. Where is the private key actually stored? Reading the materials the claim is that encryption occurs in the browser and the private key never leaves the user's computer. But if the key was stored in the user's computer then the user would not be able to access the files from a different computer or mobile device... So you must store something in the cloud. Do you have a whitepaper that explains how all this works?
  - A: Hi Gerardo, that's an excellent technical question! A key pair (a public key and a private key) is created when you first sign up for a Trustwire account. The public key is uploaded to the key server so that others can send you files securely. The private key is encrypted using your password, and the encrypted private key is uploaded to the server. Since your password and the unencrypted private key will NEVER be sent to the Trustwire servers, only you can decrypt and access your files.
- Q: Its been almost 2 years. Any update?
- Q: Do you ever have any updates on what's happening with Trustwire? Your last update was more than a year ago
- Q: Do you intend to pay dividends?
- Q: Hi Hugh. I have been following for a while but I have not seen any updates or information on traction over the past 4 months. I would like to know what progress you have been making since November. Cheers
- Q: How much of the fund is going towards advertisement? What is your marketing plan?
- Q: Does your company have any patent that was granted? If not, then, do you have any patent application that is being pending?
- Q: Do you have patent of your technology?
- Q: Does the roadmap include creating add ons (Apps) that sync to TrustWire to products like: Salesforce, UlitmateSoftware for HR files, Jira, etc?
- Q: Is Angela Hall considered a co-founder of Trustwire? Also, what kind of education does she have? (i.e. did she attend university?) Thanks.
- Q: This is interesting to me since I work in cybersecurity. How are you guys integrating with existing security products. I would imagine most companies put DLP technology as one of the priority. Can you guys work well with enterprises that already implements CASB solutions and how? Do you guys let CASB decrypt and reencrypt the mail messages? Also, $8 billion is a big number, but this space is getting very crowded. Hundreds of startups doing email security pop up every year, not to mention there are giants already in this space or getting into this space. Besides from the implementation, what makes you believe Trustwire can stand out?
  - A: Hi Calvin, thank you for the excellent questions! Trustwire will be a great addition to enterprises that take advantage of CASB solutions. Trustwire has a modular design and comes with a full set of APIs for future expansion. An enterprise version of Trustwire is on our roadmap, which will provide simple integrations with existing technologies. Trustwire's core function is for exchanging data/files. We do not provide email encryption at this point even though, technically, Trustwire can be used to encrypt any forms of data. The main problem with email encryption is interoperability -- unless you are exchanging emails within the same organization, it is difficult to predict which encryption technology the recipient uses or if the recipient uses encryption at all. Also, some email encryption technologies are not end-to-end encrypted, which means that system administrators may be able to read the CEO's email messages. Trustwire provides true end-to-end encryption for file storage and exchange. Let me use the Edward Snowden incident as an example to explain why end-to-end encryption is essential. (Note that I'm in no position to judge whether Edward is a hero or someone who committed treason. I merely talk about this from a technology standpoint.) Edward Snowden was able to access many classified documents because he was a System Admin and had full access to files that were otherwise inaccessible. If the NSA had used some kind of end-to-end encryption technologies to ensure those files can only be read by the designated personnel, the incident wouldn't even occur. Too often, we neglect the fact that a significant percentage of data leak actually perpetrated from inside a company. That's why it is essential to protect data from end to end and not just between servers.
- Q: Can you shed any light on your potential exit strategy? e.g. Are you looking to be acquired, IPO, or just be happy maintaining a small but loyal following? If acquisition is part of the plan, do you have any companies in mind that you would target?
  - A: Hi Brian, excellent question! We have created a product roadmap to bring a suite of cybersecurity tools to consumers and businesses. Our primary goal is to become a highly profitable business with a comprehensive cybersecurity solution and take it through an IPO. However, we are also open to other possibilities including an acquisition by the right acquirer with the right terms. For acquisition, the most likely strategic acquirers are cybersecurity solution providers and cloud storage providers. Whether it is an IPO or an acquisition, you can rest assured that the board will make the decision in the best interest of our shareholders.