US and Israel-based startup CTERA Networks has raised $30 million in a Series D funding led by Israel-based Red Dot Capital Partners and Singapore’s Singtel Innov8.
Red Dot Capital Partners is a growth fund backed by Singapore’s Temasek Holdings.
Other investors in this round include Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners and Viola Group.
CTERA is a cloud storage company that seeks to enable enterprises to share files seamlessly and securely. Its clientele includes IBM, Hewlett Packard Enterprise, McDonald’s, WPP Plc and the US Department of Defense.
According to an official statement, the proceeds will be used to expand CTERA’s global sales and delivery organisation, as well as its patented file services technology. The startup also plans to sharpen its focus on Southeast Asia, especially Singapore.
“Today more than ever, IT leaders realize that traditional file storage systems are being replaced by modern software-defined file platforms that efficiently connect the edge of the network to the cloud. With over 40,000 edge filers and millions of corporate desktop users deployed, CTERA is leading the way in secure enterprise file services,” CTERA co-founder and CEO Liran Eshel said.
“CTERA addresses one of the hottest topics in IT today, which is how to provide corporate users with secure and accelerated data access from any device to any cloud,” said Yaniv Stern, Managing Partner at Red Dot Capital Partners.
Following the investment, Stern will join the board at CTERA.
