Trilio Data,
the first and only comprehensive data protection, backup and recovery
solution native to OpenStack, today announced that it received $5
million in a Series A funding round led by Boston-based .406 Ventures.
Trilio
Data provides a business assurance platform for IT organizations and
cloud service providers deploying application workloads in both public
and private clouds. An innovator in OpenStack backup, recovery and
migration solutions, the company was founded in 2013 to meet the needs
of an ever-changing, growing, complex, and scalable environment. The
company's flagship product, TrilioVault, is the trusted data backup and
recovery solution of leading OpenStack adopters for data protection,
migration, resource management, configuration, change management, and
sandbox-as-a-service in private, public and hybrid clouds.
"Research from IDG
indicates that by 2018 the majority of organizations' IT
infrastructures will be entirely cloud-based. Having flexible and
intelligent backup and recovery solutions are no longer a ‘nice to have'
for businesses. These are critical components of a comprehensive IT
strategy," said David Safaii, CEO of Trilio Data. "This funding will
strengthen our ability to support Trilio's existing customer base,
accelerate our technology roadmap and meet the demand we're experiencing
for cloud based application and data assurance inside enterprises
worldwide."
Trilio will use the funding to grow its engineering,
sales and marketing teams, and increase channel enablement support for
the company's global customer base. The company will also expand its
board of directors by bringing on .406 Ventures partner Greg Dracon and
principal Payal Agrawal Divakaran.
"Enterprises are increasingly
seeking solutions to reduce the risk, cost and effort of managing data
across public, private and hybrid cloud environments," said Dracon. "Our
investment in Trilio underscores our belief in both the increased need
for business assurance across all cloud types, and the company's unique
ability to meet customers' requirements."