CTERA, a prominent player in cloud file services, has bolstered its growth strategy with an impressive $80 million funding round led by PSG Equity. This investment, comprising both primary and secondary funding, underscores CTERA’s commitment to scaling operations and enhancing its hybrid data platform capabilities.
Founded and chaired by Liran Eshel, CTERA aims to redefine the hybrid cloud data landscape with its robust security measures and high-performance solutions. Eshel highlighted the strategic significance of the partnership with PSG Equity, emphasizing their shared vision to capitalize on AI advancements and pursue strategic acquisitions.