Enterprise cloud services attract investment
Cloud storage firm Egnyte has received $16m in Series C funding led by Google Ventures with additional support from existing investors Kleiner Perkins Caufield & Byers (KPCB), and Polaris. As a part of the funding, Karim Faris, partner at Google Ventures will join the board of Egnyte.
The firm will use the money to further the development of hybrid cloud and next generation cloud technologies, with a focus on the enterprise where Egnyte expects hybrid cloud storage to satisfy the long term needs, using existing infrastructure and behind the firewall access, coupled with the anytime, anywhere availability of the cloud.
“Hybrid cloud is going to become an important component for global enterprises to run their mission-critical applications,” said Faris. “Egnyte’s market momentum, technology strengths and vision for the future were key in our decision to lead the round.”
Egnyte, founded 2007, is based in Mountain View, California, right in Google’s neighbourhood.
In related news, Dutch telco KPN has struck a partnership with UK enterprise cloud services firm Content Guru to deliver services in mainland Europe, starting with a cloud-based contact centre infrastructure offering.