Cybersecurity unicorn Kiteworks snaps $465M at over $1B valuation to secure communications>
Tech Funding News – Abhinaya Prabhu
Kiteworks, a Silicon Valley-based cybersecurity company specializing in secure content communications, has raised $465 million in funding from Insight Partners and Sixth Street Growth
The investment has pushed the company’s valuation above $1 billion, making it a unicorn
Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street will join the Kiteworks board of directors
The company plans to use the funds to strengthen its market position as the only FedRAMP-authorized security platform that provides unified support for file sharing, managed file transfer, and email data communications to meet various global compliance requirements
Kiteworks addresses the growing cybersecurity risks faced by organizations due to complex third-party ecosystems and increasingly stringent compliance regulations such as CMMC, NIS 2, and HIPAA
The platform helps organizations manage risk in every send, share, receive, and save of sensitive content by providing a private content network that delivers content governance, compliance, and protection
Led by CEO Jonathan Yaron, Kiteworks protects over 100 million end users for more than 3,650 global enterprises and government agencies
The company has recently introduced groundbreaking innovations such as Next-Gen Digital Rights Management and aims to accelerate its growth and continue innovating to meet the evolving needs of its customers with the support of Insight Partners and Sixth Street Growth.
Link: https://techfundingnews.com/cybersecurity-unicorn-kiteworks-snaps-465m-at-over-1b-valuation-to-secure-communications/