Egnyte raises $29.5 mln in oversubscribed round

File sharing service provider Egnyte announced it raised $29.5 million in an oversubscribed Series D round of funding. Investors include Northgate Capital Group, strategic partners Seagate Technology and CenturyLink, as well as existing investors Google Ventures, Kleiner Perkins Caufield & Byers and Polaris Partners. The Mountain View, Calif.-based company, which said it was looking to raise $25 million in the Series D, has now raised $62.5 million in total funding. CEO Vineet Jain told peHUB during a reception Tuesday night that it is considering an IPO in 2015.

Coraid Adds $50M in New Funding

Redwood City, Calif.-based Coraid Inc. has added $50 million in a new round led by Crosslink Capital. Existing investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake, as well as new investors Seagate Technology and Kinetic Ventures also contributed. Coraid is a developer of Ethernet SAN technology.

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