Hightail has raised $83.0M in total across 6 funding rounds.
Hightail's investors include Adams Street Partners, August Capital, Authentic Partners, Catapult Capital, Emergence Capital, Karim Faris, Ignition Partners, IVP, Jackson Square Ventures, Lobby Capital, Meritech Capital Partners, Moment Ventures.
Hightail, formerly YouSendIt, is a cloud-based collaboration platform that enables secure file sharing, project management, feedback collection, digital signing, and synchronization for creative professionals and businesses.[1][2][3][5] It serves enterprises and teams needing to handle large files beyond email limits, offering tools like Hightail Spaces for idea-to-delivery workflows, real-time notifications, password protection, 256-bit AES encryption, and admin dashboards for activity monitoring.[2][3][4] Acquired by OpenText in 2018 after raising $77.7M, Hightail streamlines content lifecycles from creation to disposal, reducing errors in version control and approvals while competing with Dropbox, Box, Egnyte, and others.[1][2]
Founded in 2004 as YouSendIt by co-founder Ranjith Kumaran and others, Hightail started as a solution for sending large email attachments that traditional systems couldn't handle.[1][2] It quickly expanded into a full suite of online file storage, sharing, and collaboration services accessible via web, desktop, mobile, and plugins.[2] Early traction came from consumer and enterprise adoption; by 2007, it added business features and plug-ins, raising $49M in funding from 2005-2010.[2] Pivotal moments included the 2012 launch of Workstream (later YouSendIt for Business), CEO Brad Garlinghouse's 2012 appointment to refocus on file sharing against Dropbox and Box, the 2013 rebrand to Hightail with a $34M raise and acquisition of security-focused adeptCloud, and the 2015 debut of Hightail Spaces.[2] Garlinghouse resigned in 2014 amid board disagreements, with Kumaran returning as CEO; OpenText acquired it in February 2018, integrating employees into its San Mateo offices.[2]
Hightail rides the wave of cloud collaboration and remote work trends, addressing the shift from email silos to secure, scalable file ecosystems amid rising data security demands in creative, enterprise, and regulated sectors like manufacturing, healthcare, and finance.[1][4] Its timing capitalized on post-2000s large-file sharing needs, evolving with mobile/cloud adoption and cyber threats, positioning it against Dropbox/Box while influencing standards for encrypted, auditable workflows.[2][3] As part of OpenText since 2018, it bolsters enterprise content management, aiding compliance (e.g., e-discovery) and efficiency in hybrid teams, contributing to the broader shift toward integrated platforms that minimize tool sprawl.[2][4]
Hightail's integration into OpenText likely drives deeper enterprise adoption, with enhancements in AI-driven search, advanced analytics, or expanded compliance for evolving regulations. Trends like generative AI for creatives and zero-trust security will shape its path, potentially amplifying its role in secure, real-time global collaboration. Its influence may grow by powering OpenText's content services, solidifying its niche in creative and business file ecosystems originally sparked by solving email's large-file limits.[2][5]
Hightail has raised $83.0M across 6 funding rounds. Most recently, it raised $34.0M Series E in November 2013.
