CTERA Networks Raises $30M in Growth Funding For Global Expansion


📅 - Cloud-enabled file services company CTERA (ctera.com) Networks has secured a $30 million Series D growth equity funding round. The new financing will be used for the expansion of CTERA's global sales and delivery organization, with an emphasis on growth in Asia, and particularly in Southeast Asia and Singapore.

This funding round 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. These include McDonald's, WPP Plc and the U.S. Department of Defense, as well as global top-5 banks, [...][... Check source for end of article ...]
Tags: Cloud Hosting News cloud file services Liran Eshel storage Yaniv Stern

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