Egnyte, a provider of cloud and hybrid cloud file sharing solutions for businesses, has closed a $16 million round of Series C financing 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 funds will be used to expand sales and marketing efforts as well as further the development of hybrid cloud and next generation cloud technologies, says the company.
Egnyte recently announced major customer wins including a 25,000 seat enterprise deal with Y&R group.
Vineet Jain (CEO, Egnyte): …more importantly all our investors represent a strategic interest and belief that hybrid cloud is the next generation cloud.
Egnyte, founded 2007, is based in Mountain View, California and is a privately held company backed by venture capital firms Kleiner Perkins Caufield & Byers, Floodgate Fund, and Polaris Venture Partners. Over 1 billion files are shared daily by businesses using Egnyte Hybrid Cloud file server, says the company.
[Image Courtesy: Egnyte]