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- Kiteworks
Kiteworks Revenue, Valuation, Funding & Investors
Kiteworks is valued at $1B as of August 2024, a 7.7x multiple on its last reported $130M revenue.
Last Kiteworks valuation
$1B
Undisclosed stage · Aug 2024
Last Kiteworks funding round
$456M
Undisclosed stage · Aug 2024
Kiteworks revenue
$130M
Undisclosed stage · Aug 2024
Key investors in Kiteworks
Insight Partners
Bregal
Sixth Street
About Kiteworks
Kiteworks is a Palo Alto, California-headquartered cybersecurity firm offering a secure content communication platform. The solution enables compliant file sharing, email encryption, and SFTP transfers for regulated industries like healthcare and finance, integrating with Microsoft 365 and supporting zero-trust architecture.
Founded
1999
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$130M (Aug 2024)
Valuation
$1B (Aug 2024)
Kiteworks Valuation
Kiteworks is currently valued at $1B, based on its undisclosed-stage round in August 2024.
The $456M round was led by Insight Partners and Sixth Street.
Kiteworks valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2024 | Undisclosed stage | $1B | 7.7x |
Kiteworks Revenue
Kiteworks' latest recorded revenue is $130M, as of its undisclosed-stage round in August 2024. At a $1B valuation, that implies a 7.7x revenue multiple.
Kiteworks revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2024 | $130M | $1B | 7.7x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Kiteworks Funding History
Kiteworks has raised a total of $576M across 2 funding rounds.
Kiteworks' first fundraising round was a $120M undisclosed-stage round in April 2020. The most recent completed round was a $456M undisclosed-stage round in August 2024.
Kiteworks funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2024 | Undisclosed stage | Insight Partners (lead); Sixth Street (lead) | $456M | $1B | Kiteworks, a San Mateo-based cybersecurity company specializing in secure content communications via its Private Content Network (PCN) platform, supports file sharing, managed file transfer, and email for compliance with global standards including FedRAMP authorization. Formerly Accellion, it rebranded after a 2021 data breach affecting legacy services and clients like Morgan Stanley and Shell. The platform enables secure data sharing for enterprises such as SEC, Pfizer, Harvard, KPMG, NHS, Target, Honda, and Israeli banks, HMOs, and cyber firms. On August 14, 2024, Kiteworks secured a $456 million growth equity investment co-led by Insight Partners and Sixth Street Growth as a minority stake partial liquidity event, valuing the company at over $1 billion and achieving unicorn status. Less than $100 million is primary capital for the company, with the rest as secondary sales to buy out veteran investors, creating board seats for partners from both firms. Total funding raised historically reaches $592 million, following a $120 million round in 2020 led by Bregal Sagemount. Proceeds will fuel R&D, team expansion in engineering and marketing, business development, and an aggressive M&A strategy that has already acquired four startups, alongside organic growth described as 'Rule of 50-level'—combining revenue growth and EBITDA expansion. CEO Jonathan Yaron highlighted innovations like Next-Gen Digital Rights Management to address data tracking challenges amid regulatory focus. The round underscores investor confidence in Kiteworks' leadership in the secure data transfer market, positioning it against cybersecurity peers like Abnormal Security amid surging sector funding, with plans for further non-organic growth including potential Israeli acquisitions. |
| Apr 2020 | Undisclosed stage | Bregal (lead) | $120M | - | Kiteworks, formerly Accellion, is a secure data sharing and content communications platform provider focused on consolidating, controlling, and securing sensitive third-party communications via an enterprise content firewall. The company raised $120 million in a financing round around April-July 2020 led by Bregal Sagemount, with Baring Private Equity retaining a significant stake from prior investments. This growth capital was intended to accelerate adoption of its platform in sectors like software and digital infrastructure. Bregal Sagemount, a growth-focused private capital firm managing $3.5 billion, led the investment through partners Michael Kosty, William Breskman, and Daniel Eatroff. The deal was announced via press releases from Accellion and Bregal Sagemount, highlighting strategic support for market-leading companies in high-growth areas. Legal counsel included Pillsbury for Accellion and Goodwin Procter for Bregal Sagemount. Kiteworks later achieved unicorn status with a valuation over $1 billion in a 2024 $456 million growth equity round from Insight Partners and Sixth Street Growth, which included partial liquidity. Bregal Sagemount exited its stake by 2024, with ownership shifting to Insight Partners, Sixth Street, Baring Private Equity Asia, and employees. Founded in 1999 and based in San Mateo, California, Kiteworks serves industries requiring secure file sharing, email encryption, and compliance with standards like GDPR, HIPAA, and CMMC. It faced challenges in late 2020 from exploits in its retired legacy Accellion FTA product, unrelated to the modern Kiteworks platform. Total funding raised by Kiteworks reached approximately $592 million by 2024 across multiple rounds, positioning it in the competitive cybersecurity market for secure content communications and zero-trust data protection. |
Who has invested in Kiteworks?
3 investors have backed Kiteworks across its funding rounds, including Insight Partners, Bregal and Sixth Street.
Lead investors include Insight Partners, Sixth Street and Bregal.
Kiteworks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 3 Kiteworks investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Kiteworks
Kiteworks has acquired 8 companies to date.
Last acquisition by Kiteworks was on September 10th 2026. Kiteworks acquired Bonfy.AI for undisclosed valuation.
Latest Acquisitions by Kiteworks
| Description | Bonfy.AI is a cybersecurity platform that protects enterprise data and content workflows used by AI systems and employees. The company provides Bonfy Adaptive Content Security (ACS). This tool guards sensitive information as it moves through modern AI tools like ChatGPT, Claude, and Microsoft Copilot. | Wamnet is a file transfer service that handles digital transmission and storage. | Zivver is an Amsterdam-based provider of secure communication platforms combining email, file sharing, and messaging services. The system employs zero-knowledge encryption, AI-driven threat detection, and semantic security controls to protect sensitive exchanges in regulated industries. Clients in healthcare, finance, and public sectors across Europe rely on Zivver for GDPR-compliant workflows that minimize user friction. Founded in 2015, the platform supports hybrid work environments by integrating with Outlook and Gmail while blocking phishing and data leaks through behavioral analysis. | 123FormBuilder is a Romania-headquartered web form builder enabling businesses to create customizable online forms, surveys, and workflows without coding. The platform supports integrations with over 100 apps like PayPal, Salesforce, and Google Sheets, serving more than 20 million forms deployed monthly by clients in marketing, HR, and customer service. | |
| HQ Country | |||||
| HQ City | Mountain View, CA | Tokyo | Amsterdam | - | |
| Deal Date | 10 Sep 2026 | 5 Aug 2026 | 18 Jun 2025 | 5 Sep 2024 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Kiteworks acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Kiteworks Competitors
Kiteworks competitors include listed companies like NSFOCUS and Rapid7, and private ones like Aikido Security, Aqua Security, BigID and BlueVoyant.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $13M | - | $1B | 76.9x | ||
| Private | - | - | $1B | - | ||
| Private | $100M | - | $1B | 10.0x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $379M | $37M | $955M | 2.4x | ||
| Publicly listed | $860M | $63M | $836M | 1.3x |
Kiteworks Public Comps
Kiteworks is still privately-owned, but its public comps include NSFOCUS, BeiJing Certificate, Yubico, Rapid7, Riskified, Asiainfo Security, Mitek Systems, Eastcompeace Tech, Red Violet and CANCOM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
This data is available for Pro users. Sign up to see all Kiteworks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kiteworks
| When was Kiteworks founded? | Kiteworks was founded in 1999. |
| Where is Kiteworks headquartered? | Kiteworks is headquartered in San Francisco, CA, United States. |
| Is Kiteworks publicly listed? | No, Kiteworks is a private, VC-backed company. |
| What is Kiteworks' valuation? | Kiteworks was last valued at $1B in its undisclosed-stage round in August 2024. |
| How much funding has Kiteworks raised? | Kiteworks has raised $576M across 2 funding rounds. |
| What was Kiteworks' last funding round? | Kiteworks' last funding round was a $456M undisclosed-stage round in August 2024, led by Insight Partners and Sixth Street. |
| Who are Kiteworks' investors? | Kiteworks' investors include Bregal, Sixth Street and Insight Partners. |
| What is Kiteworks' revenue? | Kiteworks' latest recorded revenue is $130M (August 2024). |
| What is Kiteworks' revenue multiple? | Kiteworks' latest valuation implies a 7.7x revenue multiple ($1B valuation on $130M of revenue). |
| Which companies are comparable to Kiteworks? | Companies comparable to Kiteworks include Aikido Security, Aqua Security, BigID, BlueVoyant, NSFOCUS and Rapid7. |
| How many companies has Kiteworks acquired? | Kiteworks has acquired 8 companies, including Bonfy.AI, Wamnet, Zivver, 123FormBuilder and Maytech. |
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