Digital Asia News Update
Cloud storage company based in Israel CTERA Networks has announced Series D funding of US$30 million the company has raised, led by Singtel Innov8 and Temasek-backed, Israeli based Red Dot Capital Partners, as reported by Deal Street Asia. Participating in this round are Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners, and Viola Group.
With the focus in enabling enterprises to do seamless and secure file-sharing, the cloud storage company has portfolios in the likes of IBM, Hewlett Packard Enterprise, McDonald’s, WPP Plc, and the US Department of Defense.
Also Read: IMDA, MHA award US$1.82M funding to 4 security-tech companies in Singapore
In the company’s official statement, the fund is going to support CTERA’s global sales and delivery organisation, as well as its patented file services technology. Next, the startup plans to focus on Southeast Asia, especially Singapore.
“With over 40,000 edge filers and millions of corporate desktop users deployed, CTERA is committed to support the enterprise file services securely as modern software-defined file platforms that connect the edge of the network to the cloud,” said CTERA co-founder and CEO Liran Eshe.
Also Read: AppWorks Founding Partner Jamie Lin discusses the outlook for Taiwan’s startup ecosystem
According to the Managing Partner at Red Dot Capital Partners, Yaniv Stern, CTERA is addressing the issue on how to provide corporate users with secure and accelerated data access from any device to any cloud. Stern reportedly will have a seat on the CTERA’s board.
Photo by Blake Campbell on Unsplash
The post Singtel Innov8 co-invested US$30M in CTERA with Temasek-backed Red Dot Capital Partners appeared first on Tech News.