Cloud storage startup Egnyte nets $16M to boost brand
Grazed from GigaOM. Author: Barb Darrow.
Egnyte netted $16 million in Series C funding to help raise its profile globally and to position itself as a leading hybrid cloud storage provider. The new cash brings its total funding to $32 million. Google Ventures, a new backer, led the round which also included funding from existing investors Kleiner Perkins Caufield & Byers and Polaris Ventures. Google Ventures partner Karim Faris will join Egnyte’s board.
The Mountain View, Calif.-based company is one of many cloud storage players, including Box, LogMeIn, OwnCloud, trying to crack the enterprise market for cloud storage.
CEO Vineet Jain said he will use the money to make Egnyte more of a household — er boardroom — name. “There’s been a huge amount of marketing dollars spent by our friends at Box. The number one problem I need to address is that our awareness is still low compared to Box,” Jain told me in an interview…


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