Trilio, a provider of cloud-native data protection, has secured $17m in funding to drive further innovation and growth in the cloud-native application resiliency market.
The round was led by SKK Ventures and saw participation from Gensis Accel, .406 Ventures, T-Mobile Ventures, Jack Egan, Raiven Capital and Wayra Telefónica Innovation. This brings Trilio’s total capital raised to $36M million.
Trilio claims it is a leader in cloud-native data protection for Kubernetes, OpenStack and Red Hat Virtualization environments.
The firm’s TrilioVault technology is trusted by cloud infrastructure operators and developers for backup and recovery, migration and application mobility.
Trilio will use the capital to increase focus on product development, engineering and customer operations.
The company also announced the appointment of enterprise software executive Massood Zarrabian as CEO. Zarrabian was formerly Chairman and CEO of BA Insight.
Zarrabian said, “Trilio is a trusted partner for organizations that are driving digital transformation leveraging cloud-native technologies. The company has established a leading position in the new growth category of Kubernetes with unique application resiliency technology, strong partnerships and a passionate team.
“Our goal is to leverage those resources to help customers meet their mandates for multi-cloud application mobility, ransomware protection and compliance with disaster recovery protocols. We’re pleased to have the continued confidence of SKK Ventures and added support from leading innovators such as Telefonica and T-Mobile, who are also valued customers.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
