Egnyte Closes $10M Series B Financing Round

Egnyte, a Mountain View, California-based provider of cloud file server solutions, has closed a $10m round of Series B venture capital financing.
The round was led by Kleiner Perkins Caufield and Byers (KPCB) with participation from existing investors Floodgate and Polaris.
The company intends to use the new funds to expand into international markets and increase domestic engineering, sales and marketing efforts. Egnyte recently introduced a channel program to empower partners to sell its services.
Founded in 2006 and led by CEO Vineet Jain, the company provides a hybrid cloud technology that allows any size organization to deploy a corporate-wide file storage, sharing and backup solution. The service can be integrated directly into existing file storage infrastructures managed by existing directory services, and eliminate the need for additional investment.

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