CTERA's Enterprise File Services Platform addresses the entire spectrum of end user computing file management and data protection requirements.
Israeli cloud storage company CTERA Networks today announced a $25 million investment round led by Bessemer Venture Partners with participation from Cisco, and new investor Vintage Investment Partners.
Based in Petah Tikva and New York, CTERA, which was founded by CEO Liran Eshel and VP R&D Zohar Kaufman, has raised $70 million to date including the latest financing round. 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'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. As a platform, CTERA's technology enables organizations to sync, serve and protect data from one centrally managed solution that is 100% secure and deployable on any cloud infrastructure, all behind the customer's firewall.
Eshel said, "With organizations increasingly looking to modernize their data infrastructures, CTERA is uniquely poised to provide secure tools that offer easy and globally accelerated access to files and backups. This newly announced investment round will enable CTERA to deliver best-in-class products, support and service to an even broader collection of forward-thinking enterprise customers."
"Combining our global testing capabilities with Applause's 'in-the-wild' crowdtesting platform will provide clients with a better digital testing solution for websites, mobile apps and IoT products. Together, we bring a unique ability to scale to meet the demands of enterprise clients around the world. That is what led us to forge this alliance relationship and invest in Applause through Accenture Ventures."
With global headquarters near Boston, Massachusetts, Applause has its development center in Herzliya. "Our steep growth has already validated our approach here in Israel," added Applause Israel VP and GM Michael Weinberg. "This funding further advances our ability to help Israeli companies launch great digital experiences for users in any country or market around the globe. Applause is the one company positioned to help Israeli companies take their digital visions to the world."