Egnyte Raises $29.5M in Series D Funding

egnyteEgnyte, a Mountain View, Calif.-based provider of an enterprise file-sharing platform, raised $29.5m in Series D funding.

Backers include Northgate Capital Group, Seagate Technology, CenturyLink, and existing investors Google Ventures, Kleiner Perkins Caufield & Byers, and Polaris Partners.

The funds will be used to help the company expand globally, as well as make strategic investments in product development, sales and marketing.

Founded in 2007 by CEO Vineet Jain, Egnyte provides a file-sharing platform with sync and storage capabilities while enabling complete control over data and user access.
It serves more than 40,000 customers among enterprise and SMB customers. Among them, it lists ActOn, Arizona State University, Balfour Beatty, BET, BestBuy, Bloom Health, Bulova, Cisco, Fender, FlintCo, Home Depot, Hot dog on a stick, Ikea, Intel, Learfield, Lifeway, Lincoln Financial, Marks & Spencer, NFP, Nike, Ogilvy, Puma, Santa Clara Univeristy, Sears, SF 49ers, Yamaha, Young & Rubicam Group.



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