Thursday, July 3, 2014

CTERA Raises $25 Million for its Cloud Storage Service Platform

CTERA Networks, a start-up based in Petach Tikvah, Israel, announced a $25 million Series C funding round to accelerate its cloud storage services platform.

CTERA's Cloud Storage Services Platform combine enterprise endpoint backup software, enterprise file sync and share software, and cloud storage gateway appliances. It can be used large enterprises and service providers to sync, serve and protect data from one centrally managed solution that is 100% secure and deployable on the cloud infrastructure of their choice.

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.

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. Some examples:

  • A large multi-national insurance firm has deployed CTERA Cloud Storage Gateways across thousands of its branch office locations.
  • A large multi-national financial services firm has successfully deployed CTERA’s Enterprise File Sync and Share and Endpoint Backup software to more than 50,000 users across their enterprise.
  • The business services unit of a large telecommunications company has delivered CTERA-powered services to more than 10,000 business customers in less than 12 months.

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