Google Ventures, Kleiner Perkins re-up with Egnyte through $29.5m Series D


data storage_lrgGoogle Ventures and Kleiner Perkins Caufield & Byers are among firms which have renewed their commitment to file-sharing platform Egnyte through a $29.5m Series D financing round.

Polaris Partners and Northgate Capital Group also took part in the round alongside strategic partners Seagate Technology and CenturyLink.

Egnyte said its revenue had doubled year-on-year for the past two years, a situation it expects to repeat or better for 2013.

Its recent customers include Cracker Barrel, IKEA and Tommy Hilfiger.

Northgate managing partner Brent Jones said, “We were impressed by the combination of Egnyte’s consistent financial performance, growing customer momentum and enterprise ready platform so we see compelling potential in Egnyte’s market strategy.

“We’re very excited to invest as we firmly believe that Egnyte is the best strategically positioned company to fully meet the needs of the enterprise file sharing market moving forward.”

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