CTERA, a renowned leader in hybrid cloud data management, today announced a significant financial boost, securing $80m in a mix of primary and secondary funding from PSG Equity.
PSG Equity, a prominent growth equity firm that specialises in software and technology-enabled services, has strengthened its partnership with CTERA through this investment. Ronen Nir, Managing Director at PSG, has joined the board of directors, aligning with existing stakeholders such as Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners.