Kiteworks, which develops tools to secure email communications, file sharing, and situations where people work with sensitive data. Insight Partners ve Sixth Street Growth‘tan 456 million dollars investment took it. With new investment It was stated that the valuation of the company exceeded 1 billion dollars.
Founded in 1999, US-based cybersecurity platform provider Kiteworks focuses on meeting compliance standards. old name Accellion The company experienced a major data breach in 2021. For this reason, the investment received by the company is actually quite important.
Kiteworks claims to be the “only FedRAMP-authorized security platform” in the US that provides support for activities such as file sharing, file transfer, and email communication to meet compliance requirements. The startup offers a DRM tool that makes a document appear real to the recipient. This ensures that most data never leaves the sender’s firewall.
According to what was shared, Kiteworks has been profitable for the last two years and its tools serve 100 million end users and more than 3,650 global businesses and government agencies.
The company announced that it will use the new investment it received to make acquisitions. Kiteworks has acquired four small corporate startups since 2022. He added that he will also use the investment for recruitment, R&D and business development.
Kiteworks CEO and Chairman Jonathan Yaron“This investment strengthens Kiteworks’ role in tackling the challenge of managing sensitive data. “We look forward to continuing to innovate to accelerate our growth and meet the changing needs of our customers.” he said.
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