Israeli cloud storage co CTERA Networks raises $25m

Liran Eshel Photo: PR

CTERAs Enterprise File Services Platform addresses the entire spectrum of end user computing file management and data protection requirements.

Israeli cloud storage company CTERA Networks today announced a $25 million investment round led by Bessemer Venture Partners with participation from Cisco, and new investor Vintage Investment Partners.

Based in Petah Tikva and New York, CTERA, which was founded by CEO Liran Eshel and VP R&D Zohar Kaufman, has raised $70 million to date including the latest financing round. 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.

CTERAs Enterprise File Services Platform addresses 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, CTERAs technology enables organizations to sync, serve and protect data from one centrally managed solution that is 100% secure and deployable on any cloud infrastructure, all behind the customers firewall.

Eshel 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.

Published by Globes [online], Israel business news - www.globes-online.com - on September 13, 2016

Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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Liran Eshel Photo: PR
Liran Eshel Photo: PR
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