Israeli company CTERA, which develops a hybrid cloud data platform, has raised $80 million from PSG Equity, an American investment fund specializing in software and technology companies in growth stages. The primary goal of this funding is to allow several veteran investors to exercise their holdings in the company. Consequently, a significant portion of the funding was secondary, while another part will be invested directly into the company. Ronen Nir, managing partner at PSG, has joined CTERA’s board alongside existing shareholders from Bessemer, Benchmark, and Red Dot Capital. The company employs 150 people, half of whom are in Israel, with sales and support offices worldwide.