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§ Private Profile · 25 Efal St, Petach Tikvah, Central District, 49511-25, Israel
Global file services provider enabling secure data access and management for distributed enterprises, focused on edge-to-cloud.
CTERA Networks has raised $171.0M across 5 funding rounds.
Key people at CTERA Networks.
CTERA Networks has raised $171.0M in total across 5 funding rounds.
CTERA Networks is a New York-based enterprise software company that provides edge-to-cloud global file services for secure data access and management across distributed corporate environments. The organization has raised over $100 million in venture funding to support its subscription-based business model and international operations. Its technology infrastructure currently supports millions of users and includes more than 50,000 edge filers deployed across 110 countries. The company serves hundreds of enterprise customers, including 50 of the Fortune 500 and various mission-critical government agencies, while maintaining strategic integrations and partnerships with major technology firms like HPE and IBM. Operating entirely on a recurring subscription revenue model, the firm experienced a 40% revenue growth in 2023 compared to its financial performance in 2021. CTERA Networks was founded in 2008 by Liran Eshel, whose previous cybersecurity venture SofaWare was acquired by Check Point.
Key people at CTERA Networks.
CTERA Networks has raised $171.0M across 5 funding rounds. Most recently, it raised $80.0M Other Equity in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 19, 2024 | $80M Venture Round | PSG | — | Announced |
| Oct 1, 2018 | $30M Series D | RED DOT Capital Partners | Amplify Partners, Cyberstarts VC, Glencrest Group, Hanaco Ventures, StageOne Ventures, Viola Ventures, Zeev Capital | Announced |
| Sep 13, 2016 | $25M Venture Round | — | — | Announced |
| Jul 1, 2014 | $25M Series C | Bessemer Venture Partners | Amplify Partners, Glencrest Group, StageOne Ventures | Announced |
| Mar 1, 2012 | $11M Series B | — | Amplify Partners, Glencrest Group, StageOne Ventures | Announced |
CTERA Networks has raised $171.0M in total across 5 funding rounds.
CTERA Networks's investors include PSG, Red Dot Capital Partners, Amplify Partners, Cyberstarts VC, Glencrest Group, Hanaco Ventures, StageOne Ventures, Viola Ventures, Zeev Capital, Bessemer Venture Partners.
CTERA Networks is a privately held enterprise software company that builds a hybrid cloud data platform delivering cyber-resilient file services, including global file systems, edge filers for remote sites, data protection, and AI-driven ransomware defense.[1][2][3][5] It serves enterprises across sectors like engineering, financial services, government, healthcare, legal, military, and homeland security, solving challenges in secure data synchronization, sharing, backup, and recovery across edge-to-cloud environments.[1][2][4][6] With $160M raised through Series E funding (last round $80M about a year ago), CTERA shows strong growth momentum, designated as the leading vendor in distributed cloud file storage by GigaOm as of 2021 and continuing innovation in AI cybersecurity and data intelligence.[1][2][3]
CTERA Networks was founded in 2008 in Petach Tikva, Israel, by Liran Eshel and Zohar Kaufman, who launched the company's first product, the C200 cloud storage gateway, in 2009.[1][2] This gateway merged local network storage speed with off-site cloud backup, addressing early needs for hybrid data management.[2] Pivotal moments included the 2010 C400 release adding server backup and collaboration, the 2011 C800 with 24TB storage, and 2016 expansions like virtual gateways on VMware/KVM and Cloud Server Data Protection for multi-cloud backups on AWS, Azure, and others.[2] By 2018, CTERA had raised $100M from investors including Benchmark Capital, Venrock, Cisco, Bessemer Venture Partners, and Vintage Investment Partners, fueling its evolution into a full enterprise file services platform.[2]
CTERA rides the hybrid/multi-cloud trend, where enterprises demand secure, distributed management of exploding unstructured data amid rising ransomware threats and remote/edge computing needs.[3][4][5] Timing aligns with post-2020 cyber surges and AI adoption, positioning CTERA's immutable, AI-defended platforms as critical for compliance-heavy sectors like government and finance.[1][3][4] Market forces favoring it include cloud-native shifts (e.g., AWS/Azure integrations), DoD approvals boosting defense adoption, and GigaOm leadership in distributed storage, influencing ecosystems by enabling cyber-resilient infrastructures that partners like IBM and Microsoft leverage for broader data protection.[2][4][6]
CTERA is poised to expand its AI-driven edge, with Ransom Protect and Data Intelligence evolving into core defenses against mutating threats, potentially capturing more market share in military, healthcare, and global enterprises.[3][8] Trends like AI-semantic data indexing, zero-trust edge security, and multi-cloud federation will shape its path, amplifying influence through deeper OEM integrations (e.g., IBM, Microsoft) and immutable storage mandates.[5][6] As hybrid data demands grow, CTERA's 18-year trajectory from gateways to cyber-resilient platforms suggests sustained leadership, delivering the secure global file repository that started it all.[3]
