Israeli hybrid data cloud company CTERA raises $80m

17 July 2024
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Media Coverage

The Israeli company has developed an edge-accelerated global file system across public and private cloud environments with AI-based ransomware protection and data intelligence services.

Israeli hybrid cloud data management company CTERA today announced that it has raised $80 million in primary and secondary funding led by growth equity firm PSG Equity. In the wake of the deal PSG managing director Ronen Nir has joined CTERA’s board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners.

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