- Trilio — a leading provider of data protection for cloud-native environments — announced that it has raised $15 million in funding led by SKK Ventures. These are the details.
Trilio — a leading provider of data protection for cloud-native environments — announced that it has raised $15 million in funding led by SKK Ventures. This funding round also includes participation from Plug and Play and existing investors .406 Ventures and Jack Egan. The funding round includes $12 million in Series B growth equity combined with over a $3 million debt facility from Avid Bank.
And the company will use the funding to expand its go-to-market capabilities to accelerate adoption in the cloud-native market while providing an exceptional experience for its growing base of customers and partners. And Trilio will further invest in its product development, sales, marketing, and customer success teams to bring the TrilioVault cloud-native data protection platform to markets across the globe.
Despite challenges related to the COVID-19 pandemic, Trilio has achieved a series of milestones this year. And the company recently announced TrilioVault for Kubernetes v2.0, including a unique management console for multi-cloud data protection and was named a Leader and Outperformer by a GigaOm report on Kubernetes Data Protection.
“We’re pleased to close this round of funding with a committed group of investors that bring operational expertise in scaling enterprise software organizations. The cloud and Kubernetes containers are presenting new data management challenges around scale, performance and mobility that legacy backup products simply cannot support.”
“Trilio offers a modern, cloud-native approach that protects the application’s data and metadata across any hybrid- or multi-cloud environment across any Kubernetes-based distribution. We’re excited to bring our unique value to more customers looking to address requirements for Kubernetes backup and recovery, migration, DR and application mobility.”
— David Safaii, CEO of Trilio
“Trilio checks all of our boxes. It has demonstrated success in establishing a differentiated market position in data protection for open infrastructure that is backed by a strong IP portfolio and management team. The company has built the TrilioVault platform for this new cloud and Kubernetes era and is ready to extend its market reach. Trilio’s technology, team and partner ecosystem will help it execute its business plan in this new and fast-growing market segment.”
— Stephen Brackett, President and Managing Member of SKK. Brackett has joined the Trilio Board of Directors.
“We’ve had a long relationship with the Trilio team, having led the Series A. Trilio’s platform is being used to protect some of the world’s most demanding private cloud infrastructure deployments. The company has now extended its value into the Kubernetes market with a unique cloud-native architecture offering application-centric data protection across hybrid- and multi-cloud environments, which is a rapidly growing and critical need. We’re excited to support the company’s next phase of growth.”
— Greg Dracon, Partner at .406 Ventures