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New York, NY and Petah Tikvah, Israel – July 2, 2014 — /BackupReview.info/ — CTERA Networks today announced a $25 million Series C financing. Using the funds to accelerate adoption of its Cloud Storage Services Platform, CTERA will build out its global go-to-market organization, and build upon CTERA’s existing success in the world’s largest and most demanding cloud environments.
The financing round was led by Bessemer Venture Partners who join existing CTERA investors Benchmark Capital, Cisco, and Venrock. CTERA’s existing investors also participated in the Series C round.
Designed for large enterprises and service providers alike, CTERA’s Cloud Storage Services Platform is the first cloud storage solution to combine enterprise endpoint backup software, enterprise file sync and share software, and cloud storage gateway appliances. As a platform, CTERA’s technology enables organizations to sync, serve and protect data from one centrally managed solution that is 100% secure and deployable on the cloud infrastructure of their choice.
Earlier this year, the company announced that more than 21,000 businesses are powered by CTERA technology, and marked the shipment of more than 30,000 CTERA Cloud Storage Gateways to date. CTERA has been selected as the platform-of-choice by Fortune 1000 customers across a number of industries, including financial services, banking, advertising, telecommunication, utilities, manufacturing, and many more.
There are a number of successes that serve as points of enterprise and carrier-grade validation of CTERA technology, including:
“We are extremely impressed by the strength and breadth of the CTERA Platform and the validation that the company has already received by world-leading enterprise and cloud service provider customers,” said Adam Fisher, a partner at Bessemer who, as part of the financing round, will join CTERA’s board of directors. “There is a wave of disruption transforming how organizations deploy and manage data storage that is propelled by the adoption of centrally delivered and managed, cost-effective, and scalable cloud storage, and CTERA is at the center of it all. We’re excited to partner with this emerging leader as it capitalizes on a unique market opportunity.”
CTERA is hiring across all functional areas as part of a worldwide expansion effort. Visit www.ctera.com/company/careers and apply online today.
New blog post: Welcome to the Platform Era - http://www.ctera.com/blog/item/290-welcome-to-the-platform-era
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Source: CTERA Networks
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