Kiteworks, a provider of secure content communications, has announced a $450 million (£348m) growth-equity investment from global software investors, Insight Partners and Sixth Street Growth.
The investment, a partial liquidity event, will reportedly strengthen Kiteworks’ market position in secure data transfer and collaboration as the only security platform authorised by FedRAMP to provide unified support for file sharing, managed file transfer, and email data communications to meet a broad range of global compliance requirements.
Jonathan Yaron, CEO and Chairman of Kiteworks, states, “This minority stake investment affirms Kiteworks’ role in providing a revolutionary solution to the world’s growing challenge of tracking and controlling sensitive data in motion and use. With recent ground-breaking innovations such as Next-Gen Digital Rights Management, combined with the growing industry and regulatory focus on tracking and controlling the data layer, the road to realising our vision has never been clearer. We’re excited to accelerate our growth and continue innovating to meet the evolving needs of our customers with the support of Insight Partners and Sixth Street Growth.”
The new investment comes as organisations face an expanding cybersecurity risk due to complex third-party ecosystems and an increasingly stringent compliance landscape. Cybercriminals are targeting sensitive content in growing numbers, with supply chains offering significant opportunities for malicious actors. Meanwhile, compliance regulations such as CMMC, NIS 2, and HIPAA demand robust data protection measures.
The Kiteworks PCN addresses critical cybersecurity challenges facing organisations worldwide by unifying the primary content communication channels of file share, file transfer, managed file transfer, email, APIs, and web forms into a dedicated secure platform. The investment from Insight Partners and Sixth Street Growth not only validates the company’s vision, but also signals a broader recognition of the essential role that secure content communication plays in today’s digital landscape. As cyber threats evolve and regulatory environments become more complex, Kiteworks stands ready to help organisations worldwide safeguard their most valuable digital assets.
Eoin Duane, Managing Director at Insight Partners, comments, “We were immediately impressed by Kiteworks’ exceptional growth and innovative approach to securing content communications. In today’s complex digital landscape, Kiteworks addresses a critical market need and stands out as a leader in providing effective solutions that significantly improve risk management. We’re excited to partner with the Kiteworks team as they continue to help shape the future of cybersecurity.
Alex Katz, Managing Director at Sixth Street Growth, adds, “Jonathan and the Kiteworks team are proven innovators and have architected a platform which is purpose-built to meet the challenges of the most secure and compliance-sensitive organisations. We’re excited to support their continued success and help Kiteworks capitalise on the significant market opportunities ahead.”
Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street will join the Kiteworks board of directors.
For more from Kiteworks, click here.
The post Kiteworks Private Content Network vision validated by investment appeared first on Data Centre & Network News.
Kiteworks, a provider of secure content communications, has announced a $450 million (£348m) growth-equity investment from global software investors, Insight Partners and Sixth Street Growth.
The investment, a partial liquidity event, will reportedly strengthen Kiteworks’ market position in secure data transfer and collaboration as the only security platform authorised by FedRAMP to provide unified support for file sharing, managed file transfer, and email data communications to meet a broad range of global compliance requirements.
Jonathan Yaron, CEO and Chairman of Kiteworks, states, “This minority stake investment affirms Kiteworks’ role in providing a revolutionary solution to the world’s growing challenge of tracking and controlling sensitive data in motion and use. With recent ground-breaking innovations such as Next-Gen Digital Rights Management, combined with the growing industry and regulatory focus on tracking and controlling the data layer, the road to realising our vision has never been clearer. We’re excited to accelerate our growth and continue innovating to meet the evolving needs of our customers with the support of Insight Partners and Sixth Street Growth.”
The new investment comes as organisations face an expanding cybersecurity risk due to complex third-party ecosystems and an increasingly stringent compliance landscape. Cybercriminals are targeting sensitive content in growing numbers, with supply chains offering significant opportunities for malicious actors. Meanwhile, compliance regulations such as CMMC, NIS 2, and HIPAA demand robust data protection measures.
The Kiteworks PCN addresses critical cybersecurity challenges facing organisations worldwide by unifying the primary content communication channels of file share, file transfer, managed file transfer, email, APIs, and web forms into a dedicated secure platform. The investment from Insight Partners and Sixth Street Growth not only validates the company’s vision, but also signals a broader recognition of the essential role that secure content communication plays in today’s digital landscape. As cyber threats evolve and regulatory environments become more complex, Kiteworks stands ready to help organisations worldwide safeguard their most valuable digital assets.
Eoin Duane, Managing Director at Insight Partners, comments, “We were immediately impressed by Kiteworks’ exceptional growth and innovative approach to securing content communications. In today’s complex digital landscape, Kiteworks addresses a critical market need and stands out as a leader in providing effective solutions that significantly improve risk management. We’re excited to partner with the Kiteworks team as they continue to help shape the future of cybersecurity.
Alex Katz, Managing Director at Sixth Street Growth, adds, “Jonathan and the Kiteworks team are proven innovators and have architected a platform which is purpose-built to meet the challenges of the most secure and compliance-sensitive organisations. We’re excited to support their continued success and help Kiteworks capitalise on the significant market opportunities ahead.”
Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street will join the Kiteworks board of directors.
For more from Kiteworks, click here.
The post Kiteworks Private Content Network vision validated by investment appeared first on Data Centre & Network News.