Ctera Networks, a NYC- and Petach Tikvah, Israel-based provider of a secure enterprise file services, secured a $30m Series D growth equity funding round.
The round was led by Red Dot Capital Partners, a Temasek Holdings backed growth fund, with participation from new investor Singtel Innov8 and with existing shareholders Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners and Viola Group. In conjunction with the funding, Yaniv Stern, Managing Partner at Red Dot Capital Partners, will join the CTERA board.
The company intends to use the funds for the expansion of its global sales and delivery organization, with an emphasis on growth in Asia, and particularly in Southeast Asia and Singapore and for the continued development of its patented file services technology.
Led by Liran Eshel, co-founder and CEO, Ctera provides a cyber-hardened and unified file sharing and data protection platform that allows enterprise IT to address the full continuum of global file services from the cloud infrastructure of choice.
This funding follows a year of record results for CTERA, in which the company has more than doubled its enterprise software subscription revenue, signed strategic reselling agreements with IBM and HPE, and continued to add world-leading organizations to its customer base, including McDonald’s, WPP Plc and the U.S. Department of Defense, as well as global top-5 banks, insurance companies, global advertising groups and defense organizations.