CTERA receives $80m investment from PSG Equity, positioned as hybrid cloud data management leader.

From GlobeNewswire: 2024-07-17 08:00:00

CTERA, a hybrid cloud data management leader, has secured $80 million in funding from PSG Equity. Ronen Nir from PSG will join CTERA’s board. CTERA has been named the top Leader and Outperformer in the GigaOm Distributed Cloud File Storage Radar for three years and is utilized by top banks, healthcare providers, media groups, and government agencies. Gartner forecasts a tripling in adoption rates of hybrid cloud file storage from 20% in 2023 to 60% in 2027. CTERA emphasizes the importance of unstructured data management amid the AI boom and aims to set the standard for hybrid data platforms with their unique offerings.



Read more at GlobeNewswire: CTERA Announces $80m Growth Investment from PSG Equity