Kiteworks captures $456M at a $1B+ valuation to help secure sensitive data

Quick Summary:

Mark up another unicorn and large funding round for the cybersecurity industry: Kiteworks, a company that builds tools to secure email communications, file sharing, and other situations where people are working with sensitive or proprietary data outside their firewalls, has raised $456 million from Insight Partners and Sixth Street Growth.

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It’s a notable development for San Mateo-based Kiteworks, which was formerly known as Accellion and the subject of a major data breach back in 2021.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesIndia

Topics: Accellion Kiteworks Fundraising Security Data security

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 10:32:28 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1403 words

Reading Time: 8 minutes read

Sentences: 53 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22076063

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