Hightail Raises $34 Million

Posted Nov 20, 2013

Hightail is a service that lets you protect your files with data encryption, sharing controls, and offers unlimited file storage under the $15.99 per month plan.  Hightail is led by CEO Brad Garlinghouse and was rebranded from the name YouSendIt several months ago.

On Tuesday, Hightail announced that they have raised $34 million in Series E funding led by Western Digital Capital.  New investor Accolade Partners participated in this round.  Previous investors Alloy Ventures, Sevin Rosen, Emergence Capital, Adams Street Partners and Sigma Partners also joined in this round.

Hightail will be using the funding to expand to international markets.  The company opened offices in London and Australia.  Hightail localized their services across various markets in Europe.  In the last month, Hightail completed new versions of their service in German, Spanish and Italian.

[Source: AllThingsD]