Cloud Company CTERA Networks Raises $25M

Septemeber 13, 2016 | Israeli cloud company CTERA Networks announced a $25 million investment round led by Bessemer Venture Partners with participation from Cisco, and new investor Vintage Investment Partners. Based in Petach Tikva and New York, CTERA, which was founded in 2008 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.