Israel-based file sharing technology producer CTera Networks has received $30m in series D funding from investors including networking equipment provider Cisco and Singtel Innov8, a subsidiary of telecommunications firm SingTel.
The round was led by Red Dot Capital Partners, a growth fund owned by Singaporean state investment firm Temasek, and also featured Benchmark Capital, Vintage Investment Partners, Bessemer Venture Partners, Venrock and Viola Group.
CTera has created a combined file sharing and data protection platform that allows customers’ employees to securely collaborate and share files across private and public cloud infrastructures.
The round pushed the company’s funding to almost $100m since it was founded in 2008. Cisco first invested as part of a 2012 series B round that included Venrock and existing backer Benchmark Capital that was sized at $15m according to Globes.
The three joined Bessemer Venture Partners for CTera’s $25m series C round in 2014, before Bessemer led another $25m round two years later that included Cisco and Vintage Investment Partners.
The funding will be put into technology development and the growth of CTera’s sales capabilities as it looks to expand its customer base in Southeast Asia and Singapore.
Liran Eshel, CTera’s co-founder and chief executive, said: “Today more than ever, IT leaders realise that traditional file storage systems are being replaced by modern software-defined file platforms that efficiently connect the edge of the network to the cloud.
“With over 50,000 edge filers and millions of corporate desktop users deployed, CTera is leading the way in secure enterprise file services. We are delighted to welcome Red Dot and Singtel Innov8 to CTera and look forward to working with them and our other shareholders to continue our growth momentum and global expansion.”
