Cloud Services Company CTERA Raises $30 Million

Israeli cloud services company CTERA Networks Ltd. announced Tuesday it has completed a $30 million Series D funding round. The round was led by Red Dot Capital Partners, an Israel-based venture capital fund backed by Singapore's governmental holding company Temasek. Singtel Innov8 and existing investors Benchmark Capital, Bessemer Venture Partners, Cisco, Venrock, Vintage Investment Partners, and Viola Group also participated.

In a statement, CTERA said it will use the new investment to further its expansion in Asia, and particularly in Southeast Asia and Singapore. Tuesday’s investment round brings CTERA’s total equity raised to $100 million.

Founded in 2008, CTERA provides cloud storage, file sharing, and data protection services to enterprises, and counts McDonald’s, WPP Plc, and the U.S. Department of Defense among its 50,000 customers.