Cloud file services outfit CTERA rakes in $30m to boost SE Asia presence
Singaporean funding will result in Singaporean offices
Secure edge and cloud file services supplier CTERA Networks has trousered $30m in D-round funding to build out its infrastructure in South East Asia.
Total funding is now at $100m and the round was led by Red Dot Capital Partners, part of the Singapore Temasek Group, with the support of new investor Singtel Innov8 and all existing shareholders: Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners and Viola Group.
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Red Dot Capital Partners and Singtel's involvement explains the geographical bias. The sales and delivery side of CTERA will be boosted everywhere, but Asia and Singapore will receive relatively more funding.
The company's focus is on secure access to file services from anywhere. It has had a period of growth, which encouraged investors to open their wallets. Subscription revenues have doubled in the past 12 months and it's signed reselling agreements with HPE and IBM.
The customer roster has increased with global top-five banks, insurance companies, advertising groups and defence organisations signing up. CTERA singled out McDonald's, WPP Plc and the US Department of Defense as customers. It has more than 45,000 edge filers and millions of corporate desktop users deployed.
CTERA sees file storage being increasingly software-defined and cloud-based; say goodbye to NAS filers. It said customers are also looking favourably at multi-cloud file services and CTERA can provide a common interface across the clouds. ®