CTERA management. (company pic)
Israeli startup CTERA empowers businesses to leverage the cloud for secure file storage. Named the top Leader and Outperformer in the GigaOm Distributed Cloud File Storage Radar for three consecutive years, CTERA raised $80 million in primary and secondary funding from PSG Equity.
The GigaOm Distributed Cloud File Storage Radar is a report that helps businesses choose the best cloud storage solution for their needs. It offers Distributed cloud file storage – file storage solutions that can be deployed across multiple cloud environments (public, private, hybrid) for improved flexibility and scalability. The report helps IT decision-makers evaluate different vendors and their distributed cloud file storage offerings.
Unstructured data is a critical component of any enterprise storage strategy, representing about 80% of organizational data distributed across branch offices, endpoints, on-premises, and cloud data centers, explains CTERA. Within this space, hybrid cloud file storage is one of the fastest-growing segments, with adoption rates expected to triple from 20% in 2023 to 60% in 2027 according to Gartner.
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The explosion of AI makes managing unstructured data critical. Data access isn’t just for users and applications anymore, but also for AI itself. Modern AI platforms rely on immediate, unrestricted access to company data to train models and retrieve relevant information, ensuring accuracy and effectiveness.
CTERA is a hybrid cloud data platform that provides a cloud-native global file system over public and private object storage, with a rich data services ecosystem that enables enterprises to help gain control of their data for optimal edge performance, data insight, and governance. CTERA boasts that the firm is at the core of hybrid cloud transformations of some of the world’s largest banks, healthcare organizations, global media groups, and government agencies, in deployments that scale to tens of petabytes.
“We believe CTERA is setting the standard for the modern hybrid data platform, with military-certified security and unparalleled performance,” said Liran Eshel, Founder and Chairman of the Board of CTERA. “The strategic partnership with PSG will enable us to further drive our expansion while delivering top service to our customers, and implement our vision for AI data services.”
