Brief
Encryption Startup Kindite Raises $4 Million
Kindite develops a cloud-based platform designed to automate the encryption of organizational data as well as process encrypted data without viewing its content
16:1516.10.18
Tel Aviv-based encryption startup Kindite Ltd. announced Tuesday it has completed a $4 million funding round led by RDC, a joint venture of Israel-based arms developer Rafael Advanced Defense Systems Ltd. and Elron Electronic Industries Ltd. CE Ventures, an Israel-based venture fund backed by Chinese peer-to-peer lending company CreditEase, also participated. In a statement, Kindite CEO Maor Cohen said the funding will allow the company to hire more developers.
Kindite co-founders Maor Cohen (left) and Aviad Lahav
Founded in 2017 by Cohen and Aviad Lahav, both veterans of Unit 8200, the Israeli army’s NSA equivalent, the company develops a cloud-based platform designed to automate encryption of organizational data as well as process encrypted data without viewing its content. Kindite currently employs 10 people.
Kindite co-founders Maor Cohen (left) and Aviad Lahav
