CTERA Networks, a company that provides managed cloud-based storage and data protection for SMBs, has raised an undisclosed round of funding led by Venrock, with a strategic investment from Cisco Systems and participation of existing investor Benchmark Capital. Venrock partner Ray Rothrock will join CTERA’s board of directors.
CTERA Networks helps bridge the gap between cloud and local storage for small to medium-sized businesses as well as large companies. The company provides solutions to cloud service providers to better serve customers, allowing them to provide cloud-based data protection and other services. Service providers and enterprises use CTERA to deliver services such as backup, cloud on-ramping, file sharing, folder synchronization, and mobile access based on the storage infrastructure of their choice.
CTERA says that it has seen seven consecutive quarters of double-digit revenue growth and now reaches more than 100,000 business end-users, primarily in North America and Europe. The new round of funding will be used to further accelerate the expansion of the CTERA team and towards meeting product demand.
CTERA provides the missing link in next generation storage services by introducing Cloud Attached Storage™ – an innovative approach to data storage that marries the speed and practicality of NAS appliances with the scalability and flexibility of cloud storage services. CTERA recently unveiled its smallest form factor appliance, the CloudPlug™: a tiny form-factor, plug-top computing device that instantly transforms any external USB hard drive into a NAS device with automatic backup. The contents of any attached USB drive are...
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