![]() The company said it expects Giphy to contribute “minimal revenue” in 2023 with “focused monetization efforts taking place over the course of 2024. Shutterstock said the deal for Giphy is being funded through cash-on-hand and existing revolving credit facility. The deal also will extend Shutterstock’s API ecosystem to include Giphy’s more than 14,000 busines partners, the company said. Through the Giphy acquisition, we are extending our audience touch points beyond primarily professional marketing and advertising use cases and expanding into casual conversations.” “Shutterstock is in the business of helping people and brands tell their stories. “This is an exciting next step in Shutterstock’s journey as an end-to-end creative platform,” Shutterstock CEO Paul Hennessy said in a statement. On the content front, Giphy’s media partners include NBC, Disney, Netflix, the NFL, MLB and the NBA. Sookasa's fully-integrated CASB platform enables administrators to detect breach risks with advanced DLP and scanning features, protect important data with transparent file-level encryption, and enforce data security policies using a centralized web. ![]() Sookasa provides all the SaaS security enterprises need, all in one place. Giphy partners include Meta (owner of Facebook and Instagram), other social media platforms including TikTok, Twitter and Snapchat, and mobile devices. Sookasa (Acquired by Barracuda Networks) 345 seguidores en LinkedIn. In addition, Kirk Bowman, who formerly held executive positions at VMware and EqualLogic, joins as an independent board member.According to Giphy, its library of GIFs and stickers draws more than 1.3 billion search queries on a daily basis - and generates more than 15 billion daily media impressions. With this new funding round, Sameer Gandhi from Accel Partners joins Sookasa’s board of directors. The company’s first product, which is also launching today, is the Sookasa Cloud Compliance Service, which allows companies to control and audit files across cloud services, users and devices and encrypt them transparently. “Our Cloud Compliance Service is architected to operate across any cloud service, computer or mobile device.” “Unlike legacy security companies that protect infrastructure like networks or endpoints, Sookasa is laser-focused on protecting the content itself while preserving the user experience,” said Asaf. The two were concerned that the files they shared were spread among multiple cloud services and devices and that there was no central way to manage them. ![]() ![]() How much funding has Sookasa raised to date Sookasa has raised 6.6M. Who invested in Sookasa Sookasa has 7 investors including SVA and Accel. Sookasa was founded in 2012 by father and son team Israel and Asaf Cidon. Sookasa is located in San Mateo, California, United States. Sookasa says it offers businesses “a self-service turnkey encryption and compliance solution that enables their employees to safely use their favorite mobile devices and cloud services.” The service ensures that files are always encrypted, no matter what device they are on and even when they are shared externally. It’s no secret that many IT organizations struggle with ensuring compliance while at the same time offering their users access to tools like Dropbox, Box and Gmail on multiple devices. He previously co-founded Actona, (acquired by Cisco) Viola (acquired by Fluke. The company today announced that it has raised a $5 million Series A round led by Accel Partners with participation from existing investors First Round Capital, SV Angel and other angel investors. Sookasa raised 5 million from Accel Partners, backed by Sameer Gandhi. Sookasa wants to help companies use popular cloud services like Dropbox and Gmail while at the same time transparently encrypting sensitive data to ensure that companies don’t run afoul with regulations like HIPAA and FERPA.
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