CTERA, a NYC-based company which speciliazes in hybrid cloud data management, received a primary and secondary growth investment from PSG Equity.
As part of the transaction, Ronen Nir, Managing Director at PSG, has joined CTERA’s board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners.
The company intends to use the funds to further drive its expansion while delivering new services to its customers, as well as implementing its vision for AI data services.
CTERA is a provider of a hybrid cloud data platform that provides a cloud-native global file system over public and private object storage, with a rich data services ecosystem that enables enterprises to help gain control of their data for optimal edge performance, data insight, and governance. It is at the core of hybrid cloud transformations of some of the world’s largest banks, healthcare organizations, global media groups, and government agencies, in deployments that scale to tens of petabytes.
FinSMEs
18/07/2024