Trilio, a leading provider of data protection for cloud-native environments, today announced that it has secured $15 million of funding. Led by SKK Ventures, the round includes participation from Plug and Play and existing investors .406 Ventures and Jack Egan. The funding includes $12 million in Series B growth equity combined with a $3 million+ debt facility from Avid Bank.
Read More : BMC Increases Global SaaS Delivery With AWS
The company will use the funding to expand its go-to-market capabilities to accelerate adoption in the cloud-native market while providing an exceptional experience for its growing base of customers and partners. Trilio will further invest in its product development, sales, marketing and customer success teams to bring the TrilioVault cloud-native data protection platform to markets across the globe.
Read More : SalesTechStar Interview with Kevin Baumgart, VP of Sales at Hologram
“We’re pleased to close this round of funding with a committed group of investors that bring operational expertise in scaling enterprise software organizations,” said David Safaii, CEO of Trilio. “The cloud and Kubernetes containers are presenting new data management challenges around scale, performance and mobility that legacy backup products simply cannot support.”
“Trilio offers a modern, cloud-native approach that protects the application’s data and metadata across any hybrid- or multi-cloud environment across any Kubernetes-based distribution,” Safaii added. “We’re excited to bring our unique value to more customers looking to address requirements for Kubernetes backup and recovery, migration, DR and application mobility.”
Read More : What Sales Executives Need to Know About AI Contract Management