CTERA Networks snags $25 mln


New York City and Israel-based CTERA Networks, a cloud storage services platform provider, has secured $25 million in funding. Bessemer Venture Partners led the round with participation from Cisco and Vintage Investment Partners.

PRESS RELEASE

New York City and Petach Tikvah, Israel, September 13, 2016 – CTERA Networks today 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. 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.”

2016 is CTERA’s biggest year ever, with highlights across each aspect of the business:

Global Enterprise Adoption – CTERA continues to add hundreds of premier enterprise and government customers to the worldwide community of CTERA customers, including strategic global projects such as the U.S. Department of Defense and Banco Santander.

Accelerating the Pace of Innovation – Over the past 12 months, CTERA has added over 70 new features and capabilities to the Enterprise File Services Platform, making the solution faster, more secure, more cost-effective and more user-friendly than ever.

Technology Partner Ecosystem – CTERA is working with leading global cloud and storage technology partners, including AWS, HPE, EMC and NetApp to provide integrated and certified solutions and enable organizations to store their enterprise data on their terms.

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