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Egnyte is a software company headquartered in Mountain View, California. It sells cloud-based content security, compliance and collaboration tools for businesses. Egnyte was founded in 2007 with a focus on modernized file servers, but it has been shifted to selling tools that help users securely collaborate with | 00:00:00.000 | 00:00:26.360 |
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what coworkers and third parties. History Egnyte was founded in 2007 and incorporated in 2008. The privately held company was founded by Vineet Jain, Rajesh Ram, Kris Lahiri and Amrit Jassal. Egnyte received $1 million seed venture capital | 00:00:26.360 | 00:00:49.440 |
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in 2007, $6 million in July 2009, $10 million in 2011 and $16 million in 2012. Egnyte announced a $29.5 million investment in 2013 that included Seagate, | 00:00:49.440 | 00:01:12.960 |
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CenturyLink, Northgate Capital and prior investors Kleiner Perkins, Google Ventures and Polaris partners. In 2008, Egnyte has raised $137.5 million including $75 million in series E funding in 2018 led by Goldman Sachs. By the end of 2019, the company reported having more | 00:01:12.960 | 00:01:40.880 |
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than 16,000 customers worldwide and it had reached more than $100 million in annual recurring revenue. Egnyte initially sold cloud and on-premises file servers but later added features for collaboration and security and shifted its focus to cloud content governance for businesses. In 2020, it combined its two primary products, Egnyte Protect | 00:01:40.880 | 00:02:08.120 |
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and Egnyte Connect into one platform to manage, govern, and secure data. That year, the long vacated CFO position previously held by Steve Sutter was filled by Susan Colvin, formerly CFO at Napster. In January of 2022, the company announced that it was seeking an IPO. Later that month, it was announced that Alexa King, | 00:02:08.120 | 00:02:36.000 |
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former executive VP at FireEye, would serve as a board director. Board Director. Egnyte. Egnyte is a software company headquartered in Mountain View, California. It sells cloud-based content security, compliance and collaboration tools for businesses. Egnyte was founded in 2007 with a focus on modernized file servers, but it has shifted to selling tools that help users securely collaborate with co-workers | 00:02:36.000 | 00:03:11.720 |
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and third parties. Egnyte was founded in 2007 and incorporated in 2008. The privately held company was founded by Vineet Jain, Rajesh Ram, Kris Lahiri and Amrit Jassal. By the end of 2019, the company reported having more than 16,000 customers worldwide and it | 00:03:11.720 | 00:03:40.160 |
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had reached more than 100 million million in annual recurring revenue. Egnyte initially sold Cloud and on-premises file servers, but later added features for collaboration and security and shifted its focus to Cloud content governance for businesses. In 2020, it combined its two primary products, Egnyte Protect and Egnyte Connect, into one | 00:03:40.160 | 00:04:08.000 |
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platform to manage, govern, and secure data features. The Egnyte platform provides content, security, compliance, and collaboration capabilities to govern content. Egnyte software can be used to scan a range of data repositories for malware including email | 00:04:08.000 | 00:04:33.780 |
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on-premises storage and third-party cloud storage and block ransomware attacks from spreading. Egnyte also has a governance risk dashboard that analyzes an organization's risk level and provides feedback on areas of improvement. Egnyte's collaboration | 00:04:33.780 | 00:04:56.960 |
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features include cloud storage as well as co-editing of files in Microsoft 365 and Google Workspace. Egnyte uses machine learning to predictably cache files for faster local access and to automatically categorize sensitive content. Egnyte integrates with a number of business | 00:04:56.960 | 00:05:20.520 |
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productivity tools including Dropbox, Slack, Microsoft, Google Workspace, AWS and Salesforce. It also sells industry specific software to the construction and life sciences industries. Egnyte offers tiered pricing plans with varying capabilities. | 00:05:20.520 | 00:05:45.200 |
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For example, all of its SaaS subscribers get ransomware protection against 2000 known threats and file versioning while enterprise customers have access to file restoration and abnormal activity detection features. | 00:05:45.200 | 00:06:04.800 |
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