Kindite

Company Overview

Snapshot

Founded in February 2017 by Maor Cohen and Aviad Lahav, Kindite operated with 1–10 employees. The company was acquired by RingCentral in March 2021, marking a significant exit in the cloud security space.

Business overview

Kindite specializes in cloud data encryption, providing patented technology designed to help organizations address data privacy concerns during cloud migration. Its platform allows for the processing of encrypted data in the cloud without decryption, ensuring customer data remains unreadable while maintaining application functionality. Kindite serves enterprises, retailers, service providers, healthcare providers, clinics, hospitals, and banks, operating within the Cyber Security sector, with a focus on data security, cryptography, and encryption.

Strategic signal

In March 2021, Kindite was acquired by RingCentral, a move that allowed RingCentral to integrate Kindite's security technology to enhance its business communications and video meeting offerings. This acquisition signals the increasing importance of robust encryption and data privacy solutions within enterprise communication platforms, validating Kindite's innovative approach to cloud security and its potential for broader application in secure business operations.

Company Intelligence Q&A

What is Kindite's core technology?

Kindite's core technology is a patented encryption platform that processes encrypted data in the cloud without requiring decryption, ensuring data privacy and security for organizations.

When was Kindite founded?

Kindite was founded in February 2017.

Which company acquired Kindite?

Kindite was acquired by RingCentral in March 2021.

What was the strategic rationale behind Kindite's acquisition by RingCentral?

RingCentral acquired Kindite's security technology in March 2021 to deliver more secure business communications and video meetings, integrating Kindite's encryption capabilities into its offerings.

Did Kindite secure any funding prior to its acquisition?

Yes, Kindite secured funding in October 2018 from investors including Elron Ventures and CE Ventures