Egnyte, a Mountain View, CA-based provider of a content platform for business, raised $75m in growth funding.
Goldman Sachs made the investment. Holger Staude will represent Goldman Sachs‘ seat on the Egnyte board.
The company intends to use the funds to accelerate growth and deliver its content platform on a global scale.
Founded in 2007 and led by Vineet Jain, CEO and co–founder, Egnyte provides businesses with a platform to move their infrastructure to the cloud by replacing file servers, improving content management systems, and protecting sensitive content. Today, the platform is being used by more than 14,000 paying customers worldwide, including globally-recognized brands such as Arista, Balfour Beatty, BuzzFeed, Nasdaq, Red Bull, Yamaha, and more.
Goldman Sachs‘ investment brings Egnyte’s total funding raised to $132.5m. In addition to Goldman Sachs, the current investor base includes:
– Google Ventures
– Kleiner Perkins Caufield & Byers
– Northgate Capital
– Polaris Partners
– Seagate Technology.
UBS Investment Bank acted as the sole placement agent.