CTERA secures funding to modernize infrastructure

CTERA Networks has received a USD25 million in an investment round led by Bessemer Venture Partners with additional participation from Cisco, and with Vintage Investment Partners joining as a new investor, the company said.

This new investment round brings CTERA´s total financing to date to nearly USD70 million. The funds will be used to fuel sales and marketing initiatives and accelerate global customer acquisition as the CTERA enterprise file services platform becomes a gold standard for file storage, collaboration and data protection among secure and distributed enterprise organizations.

CTERA offers a solution to emerging data infrastructure modernization by addressing local and cloud-based file sharing, endpoint data protection and cloud server data protection from one unified, private system.