CTERA Networks Raises $80M for AI Workloads
July 18, 2024, 3:50 pm
CTERA Networks, a hybrid cloud data management startup, secures $80 million in funding to target AI workloads. The investment, led by PSG Equity, aims to propel the company into the realm of data intelligence and expand its offerings in the AI space. With a focus on unstructured data management, CTERA is positioning itself as a key player in enabling enterprises to harness the power of artificial intelligence.
CTERA Networks, based in Israel, offers a cloud-based IT-as-a-service platform that allows businesses to store, sync, share, protect, and govern data across various endpoints and servers. By leveraging a global file system on top of cloud-based storage systems, CTERA provides unified access to data regardless of its location. This approach enables businesses to quickly adapt and create customizable storage infrastructure for enhanced collaboration and productivity.
In addition to providing seamless access to data, CTERA offers advanced tools for data protection and regulation. Its CTERA Ransom Protect offering utilizes machine learning algorithms to detect and block suspicious file activities, while also ensuring compliance with regulations such as GDPR. The company's hybrid cloud file storage platform is especially valuable for secure access to unstructured data across different platforms, including on-premises, edge, and public cloud environments.
Unstructured data, which makes up a significant portion of enterprise information, is crucial for AI applications and models. CTERA's platform ensures that this data is always accessible for tasks like AI training and data retrieval, enhancing the capabilities of generative AI models. The partnership with PSG Equity will enable CTERA to accelerate its growth and expand its offerings in the transformative AI space.
With the proliferation of AI technology, effective management of unstructured data is more important than ever. CTERA's focus on data intelligence and AI workloads positions it as a key player in enabling enterprises to leverage the power of artificial intelligence for enhanced decision-making and innovation.
CTERA Networks, based in Israel, offers a cloud-based IT-as-a-service platform that allows businesses to store, sync, share, protect, and govern data across various endpoints and servers. By leveraging a global file system on top of cloud-based storage systems, CTERA provides unified access to data regardless of its location. This approach enables businesses to quickly adapt and create customizable storage infrastructure for enhanced collaboration and productivity.
In addition to providing seamless access to data, CTERA offers advanced tools for data protection and regulation. Its CTERA Ransom Protect offering utilizes machine learning algorithms to detect and block suspicious file activities, while also ensuring compliance with regulations such as GDPR. The company's hybrid cloud file storage platform is especially valuable for secure access to unstructured data across different platforms, including on-premises, edge, and public cloud environments.
Unstructured data, which makes up a significant portion of enterprise information, is crucial for AI applications and models. CTERA's platform ensures that this data is always accessible for tasks like AI training and data retrieval, enhancing the capabilities of generative AI models. The partnership with PSG Equity will enable CTERA to accelerate its growth and expand its offerings in the transformative AI space.
With the proliferation of AI technology, effective management of unstructured data is more important than ever. CTERA's focus on data intelligence and AI workloads positions it as a key player in enabling enterprises to leverage the power of artificial intelligence for enhanced decision-making and innovation.