Enterprise cloud file service platform CTERA Networks, has announced that it has raised $25 million in an investment round led by Bessemer Venture Partners with additional participation from Cisco, and with Vintage Investment Partners joining as a new investor. CTERA is known for file storage, collaboration and data protection among secure and distributed enterprise organizations.
According to the company, the fresh round of funding brings CTERA’s total raised amount to $70 million. The company will use this investment to scale marketing and sales, as well as accelerate global customer acquisition.
The service provider claims that its Enterprise File Services Platform is the only solution to address the entire spectrum of end user computing file management and data protection requirements. It integrates endpoint, office and cloud file services with IT security, cloud choice and automation. As a platform, CTERA’s technology helps organizations to sync, serve and protect data from one centrally managed solution that is secure and deployable on any cloud infrastructure, all behind the customer’s firewall.
CTERA has quoted Gartner in saying that Data Infrastructure Modernization will likely see rapid growth over the next three years. Organizations have deployed multiple data repositories over the years and must connect them to modern file sharing/ productivity/collaboration environments to accomplish digital transformation of the workplace.
The company believes it has already established a strong position in the emerging data infrastructure modernization market by offering a solution that address local and cloud-based file sharing, endpoint data protection and cloud server data protection from one unified and completely private system.
Liran Eshel, Co-Founder and CEO, CTERA said, “With organizations increasingly looking to modernize their data infrastructures, CTERA is uniquely poised to provide secure tools that offer easy and globally accelerated access to files and backups. This newly announced investment round will enable CTERA to deliver best-in-class products, support and service to an even broader collection of forward-thinking enterprise customers.”