CTERA secures $25m funding

CTERA Networks has announced a $25 million investment round led by Bessemer Venture Partners with additional participation from Cisco, and with Vintage Investment Partners joining as a new investor.

Wednesday, 14th September 2016 Posted 8 years ago in by Phil Alsop

This new investment round brings CTERA’s total financing to date to nearly $70 million. The funds will be used to fuel sales and marketing initiatives and accelerate global customer acquisition as the CTERA Enterprise File Services Platform becomes a gold standard for file storage, collaboration and data protection among secure and distributed enterprise organizations.

CTERA’s Enterprise File Services Platform is the only solution to address the entire spectrum of end user computing file management and data protection requirements. The solution integrates endpoint, office and cloud file services with uncompromising IT security, cloud choice and automation. As a platform, CTERA’s technology enables organizations to sync, serve and protect data from one centrally managed solution that is 100 percent secure and deployable on any cloud infrastructure, all behind the customer’s firewall.

“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,” said CTERA co-founder and CEO Liran Eshel. “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.”