CTERA Raises $30 Million in Growth Funding to Power Global Expansion
CTERA Networks, a global leader in secure enterprise file services, today announced it has secured a $30 million Series D growth equity funding round. The round was led by Red Dot Capital Partners, a Temasek Holdings backed growth fund, with the support of new investor Singtel Innov8 and with the participation of all existing shareholders: Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners and Viola Group.
The new investment will be used for the expansion of CTERA's global sales and delivery organization, with an emphasis on growth in Asia, and particularly in Southeast Asia and Singapore. In addition, it will be used to power the continued development of CTERA's patented file services technology.