The Intelligent Content Platform

Egnyte is now part of the Fabrica Ventures portfolio.

Based in Mountain View, the company provides a secure SaaS platform for content collaboration and governance, serving over 22,000 customers worldwide. Its key capabilities include:

* Unified Content Management: Egnyte offers a centralized platform for managing content across various devices and cloud services. This includes file sharing, collaboration, and content lifecycle management

* Data Governance and Security: The platform provides advanced features for data governance, including access controls, content classification, and compliance tracking, ensuring sensitive data is handled according to regulatory requirements and internal policies

* AI-Powered Insights: Egnyte leverages AI to enhance data security and operational efficiency. It can identify risks, detect unusual user behavior, and automate workflows to reduce manual data management tasks

* Collaboration Tools: Users can collaborate on files in real-time with integration capabilities for popular productivity tools like Microsoft 365 and Google Workspace, facilitating seamless teamwork while maintaining security protocols

* Threat Management: The platform includes features to combat insider threats and ransomware, providing tools for monitoring, detection, and rapid data recovery in case of threats

Egnyte differentiates itself through a security-focused approach, robust compliance capabilities, and vertical-specific solutions. While Egnyte trails Box and Dropbox in market share, it has carved out a strong presence in industries with stringent data requirements like life sciences and architecture, engineering and construction (AEC).

Egnyte’s cap table includes only a few VC investors, including Goldman Sachs, Kleiner Perkins, and GV, with modest capital raise of $138M. The last funding round, led solely by Goldman Sachs, occurred six years ago, in 2018.

The company has been growing steadily at an annual rate of 25%-30%, has been profitable for many years, and has achieved a revenue run rate of $250M.

Conclusion

Egnyte has built its business brick by brick, in the slow and steady old-fashioned way.

It’s a healthy, sizable and growing business. In our opinion, Egnyte’s next funding round will be an IPO within the next two years.