US-based search engine Google’s corporate venturing unit has helped Egnyte, a US-based file sharing company, raise $16m.
Google Ventures was joined in the series C round by venture firms Kleiner Perkins Caufield & Byers and Polaris Venture Partners. Karim Faris, a partner at Google Ventures will join the baord of Egnyte.
Karim Faris, Partner at Google Ventures, says: “Hybrid cloud is going to become an important component for global enterprises to run their mission-critical applications. Egnyte´s market momentum, technology strengths, and vision for the future were key in our decision to lead the round. Egnyte is developing a new approach to cloud computing and we are excited to be working with them.”
Egnyte was founded in 2007 and is also backed by the Floodgate fund.
