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- CTERA Networks
CTERA Networks Funding, Investors & Competitors
CTERA Networks has raised $160M across 4 funding rounds, most recently a $80M undisclosed-stage round in July 2024.
Last CTERA Networks funding round
$80M
Undisclosed stage · Jul 2024
Cumulative funding CTERA Networks raised
$160M
across 4 funding rounds
Key investors in CTERA Networks
Bessemer Venture Partners
Venrock
Benchmark
Cisco Investments
Vintage Investment Partners
Cisco
Singtel Innov8
PSG Equity
About CTERA Networks
CTERA Networks is a provider of hybrid cloud file services for enterprises. Its platform enables secure storage, synchronization, sharing, and governance across endpoints, remote offices, and data centers. Headquartered in New York with offices in Tel Aviv and EMEA, CTERA serves Fortune 100 companies and service providers like Deutsche Telekom. Founded in 2009, the firm supports multi-cloud environments with edge filers handling petabyte-scale data.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
CTERA Networks Funding History
CTERA Networks has raised a total of $160M across 4 funding rounds.
CTERA Networks' first fundraising round was a $25M Series C in July 2014. The most recent completed round was a $80M undisclosed-stage round in July 2024.
CTERA Networks funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2024 | Undisclosed stage | PSG Equity (lead) | $80M | CTERA Networks is a hybrid cloud data management provider founded in 2008 that offers an edge-accelerated global file system across public and private cloud environments with AI-based ransomware protection and data intelligence services. The company serves some of the world's largest banks, healthcare organizations, global media groups, and government agencies in deployments scaling to hundreds of petabytes. In July 2024, CTERA announced an $80 million growth investment from PSG Equity comprising both primary and secondary funding. PSG managing director Ronen Nir joined CTERA's board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners. PSG acquired a significant though less-than-majority stake, buying out shares from veteran investors including Venrock. According to CTERA's co-founder, the company had previously raised over $100 million across five funding rounds prior to this investment. The $80 million represents CTERA's largest investment to date and will be deployed toward expanding the company's global presence and advancing its AI data services offering, referred to as the CTERA Data Intelligence platform. |
| Oct 2018 | Series D | Red Dot Capital Partners (lead); Singtel Innov8 (lead); Viola Group; Vintage Investment Partners; Benchmark; Bessemer Venture Partners; Venrock; Cisco | $30M | CTERA Networks, an Israel- and US-headquartered company founded in 2008, provides secure enterprise file services, including cloud-based file storage, sharing, and data protection, connecting edge networks to clouds for accelerated and secure data access from any device. The platform serves enterprises with over 50,000 edge filers deployed across more than 110 countries and millions of corporate desktop users, targeting customers like McDonald’s, WPP Plc, the U.S. Department of Defense, global top-5 banks, insurance companies, and advertising groups. It partners with infrastructure providers such as Cisco, Dell EMC, HPE, and IBM through strategic reselling agreements. In October 2018, CTERA closed a $30 million Series D growth equity funding round led by Red Dot Capital Partners (Temasek-backed) and Singtel Innov8, with participation from all existing investors including Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners, and Viola Group. This brought the company's total funding to $100 million since inception. CEO Liran Eshel noted the company had become cash flow positive that year but raised funds to fuel high growth and market expansion amid booming demand for software-defined file platforms. The proceeds were earmarked for expanding global sales and delivery, particularly in Asia (Southeast Asia and Singapore), where CTERA opened its Asia headquarters. The prior year saw record results, including more than doubling enterprise software subscription revenue, adding major customers, and deploying in over 200 private clouds. |
| Sep 2016 | Series C | Bessemer Venture Partners (lead); Vintage Investment Partners; Cisco Investments | $25M | CTERA Networks, an Israeli cloud storage company based in Petah Tikva and New York, raised $25 million on September 13, 2016, in a funding round led by Bessemer Venture Partners, with participation from Cisco Investments and new investor Vintage Investment Partners. This brought the company's total financing to nearly $70 million. The funds were allocated to fuel sales and marketing initiatives and accelerate global customer acquisition for its Enterprise File Services Platform, which addresses file management, collaboration, data protection, endpoint, office, and cloud file services with IT security, cloud choice, and automation, deployable on any cloud infrastructure behind the customer's firewall. In 2016, described as CTERA's biggest year, the company saw global enterprise adoption with hundreds of new premier enterprise and government customers, including the U.S. Department of Defense and Banco Santander. It accelerated innovation by adding over 70 new features to its platform, enhancing speed, security, cost-effectiveness, and user-friendliness. CTERA also expanded its technology partner ecosystem with leading providers like AWS, HPE, EMC, and NetApp for integrated, certified solutions. CTERA's CEO Liran Eshel, co-founder with VP R&D Zohar Kaufman, highlighted the investment's role in modernizing data infrastructures and providing secure, globally accelerated file and backup access to broader enterprise customers. The platform positions CTERA as a gold standard for secure, distributed enterprise file storage, collaboration, and data protection. Later developments include an $80 million primary and secondary growth investment from PSG Equity, with Ronen Nir joining the board alongside shareholders like Benchmark, Bessemer, and Red Dot Capital Partners; this supported hybrid cloud data management for large banks, healthcare, media, and government agencies scaling to hundreds of petabytes. In July 2024, PSG Equity acquired CTERA for $80 million from prior investors including Red Dot, Bessemer, Benchmark, and Venrock, with plans for AI expansion and growth in North America and Europe. |
| Jul 2014 | Series C | Bessemer Venture Partners (lead); Cisco Investments; Benchmark; Venrock | $25M | CTERA Networks is a cloud storage and data services company that provides cloud storage gateways, distributed file services, and hybrid-cloud tools for enterprises. The company partners with major technology providers including AWS, HPE, IBM, and serves enterprise customers like Deutsche Telekom. In early 2015, CTERA announced that it had exceeded its entire 2014 sales figures within just the first six months of 2015, indicating strong revenue growth trajectory during this period. |
Who has invested in CTERA Networks?
10 investors have backed CTERA Networks across its funding rounds, including Bessemer Venture Partners, Venrock, Benchmark, Cisco Investments, Vintage Investment Partners and Cisco.
Lead investors include PSG Equity, Red Dot Capital Partners, Singtel Innov8 and Bessemer Venture Partners.
CTERA Networks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2014 | ||
| 2 | Participant | Sep 2016 | ||
| 2 | Participant | Jul 2014 | ||
| 2 | Participant | Jul 2014 | ||
| 2 | Participant | Jul 2014 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Lead | Jul 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCTERA Networks Competitors
CTERA Networks competitors include listed companies like Oracle, MongoDB, Nutanix and Oracle Corp Japan, and private ones like Databricks and Eon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $67B | $33B | $455B | 7.8x | ||
| Private | $7B | - | $190B | 27.1x | ||
| Publicly listed | $2.5B | ($104M) | $32B | 10.4x | ||
| Publicly listed | $2.5B | $230M | $19B | 6.2x | ||
| Publicly listed | $1.8B | $589M | $7.7B | 3.9x | ||
| Private | - | - | $4B | - |
CTERA Networks Public Comps
CTERA Networks is still privately-owned, but its public comps include Alphabet, Microsoft, Amazon, Oracle, Cisco, Palantir, Dell, Alibaba Group, IBM and ServiceNow.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $63B | $19B | 7.1x | 6.9x | 23.4x | 17.9x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
This data is available for Pro users. Sign up to see all CTERA Networks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CTERA Networks
| When was CTERA Networks founded? | CTERA Networks was founded in 2008. |
| Where is CTERA Networks headquartered? | CTERA Networks is headquartered in Petah Tikva, Israel. |
| Is CTERA Networks publicly listed? | No, CTERA Networks is a private, VC-backed company. |
| How much funding has CTERA Networks raised? | CTERA Networks has raised $160M across 4 funding rounds. |
| What was CTERA Networks' last funding round? | CTERA Networks' last funding round was a $80M undisclosed-stage round in July 2024, led by PSG Equity. |
| Who are CTERA Networks' investors? | CTERA Networks' investors include Bessemer Venture Partners, Vintage Investment Partners, Cisco Investments, Benchmark, Venrock, Viola Group, Singtel Innov8, PSG Equity, Cisco and Red Dot Capital Partners. |
| Which companies are comparable to CTERA Networks? | Companies comparable to CTERA Networks include Oracle, Databricks, MongoDB, Nutanix, Oracle Corp Japan and Eon. |
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