CTERA Networks Secures $25M in Funding to fuel Sales and Marketing Initiatives for Its Enterprise File Services Platform

CTERA Networks, a company enabling enterprise IT to provide secure file services from any cloud, has announced a $25 million investment round led by Bessemer Venture Partners. The funds will be used to fuel sales and marketing initiatives and accelerate global customer acquisition for the CTERA Enterprise File Services Platform.

CTERA delivers file storage, collaboration and data protection for distributed enterprise organizations. CTERA’s Enterprise File Services Platform addresses the entire spectrum of end user computing file management and data protection requirements. The solution integrates endpoint, office and cloud file services with “uncompromising” IT security, cloud choice and automation.

ctera networksAs a platform, CTERA’s technology would enable organizations to sync, serve and protect data from one centrally managed solution that is 100 percent secured and deployable on any cloud infrastructure, all behind the customer’s firewall.

This new investment round brings CTERA’s total financing to date to nearly $70 million. The $25 million investment round was led by Bessemer Venture Partners while additional participation comes from Cisco, with Vintage Investment Partners joining as a new investor.

Over the past 12 months, CTERA has added over 70 new features and capabilities to the Enterprise File Services Platform. The company continues to add hundreds of premier enterprise and government customers to the worldwide community of CTERA customers, including strategic global projects such as the U.S. Department of Defense and Banco Santander.

CTERA was cited by Gartner receiving an “Honorable Mention” in its 2016 Magic Quadrant for Data Center Backup and Recovery Software; recognized in its 2015 Critical Capabilities for Enterprise Endpoint Backup; listed as a Representative Vendor in the 2015 Market Guide for Cloud Storage Gateways and as a Selected Vendor in the IT Market Clock for the Digital Workplace, 2016.

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