CTERA Networks Ltd., provider in hybrid cloud data management, raised $80 million in primary and secondary funding from PSG Equity, a leading growth equity firm focused on software and technology-enabled services companies.
As part of the transaction, Ronen Nir, MD, PSG, has joined CTERA’s board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners.
The company is at the core of hybrid cloud initiatives at some of the world’s largest banks, healthcare organizations, global media groups, and government agencies, in deployments that scale to 100s of petabytes.