Kiteworks has announced that it has raised a $456 million growth equity investment.
The company intends to spend the mentioned funds on the implementation of measures to strengthen its position in the market of secure data transfer and collaboration. Investments were received from Insight Partners and Sixth Street Growth. The relevant information is contained in the company’s press release.
Jonathan Yaron, chief executive officer and chairman of Kiteworks, says that the investment in a minority stake confirms the role of the firm in providing a revolutionary solution to the problem of tracking and controlling confidential data during movement and use. Also in this context, it was noted that the relevant problem is increasing at the global level.
Jonathan Yaron says that industries and regulators are paying more and more attention to tracking and controlling the data layer. The company’s press release also notes that the risk of cybersecurity is currently increasing. The corresponding tendency is related to the fact that more and more cybercriminals are targeting sensitive content from supply chains and other ecosystems.
The Kiteworks’ security platform is authorized by FedRAMP. This platform is designed to support file sharing, managed file transfer, and email data communications, enabling it to meet a range of global compliance requirements.
The company’s press release notes that Kiteworks’ solution combines several content communication channels, including file sharing, file transfer, managed file transfer, email, application programming interfaces (APIs), and web forms – on a single dedicated secure platform.
As we have reported earlier, EliseAI Raises $75 Million.
