Trilio, a Framingham, Mass.-based provider of data protection for cloud-native environments, secured $15m in funding.
The funding includes $12m in Series B growth equity combined with a $3m+ debt facility from Avid Bank. The equity round was led by SKK Ventures, with participation from Plug and Play and existing investors .406 Ventures and Jack Egan. In conjunction with the funding, Stephen Brackett, President and Managing Member of SKK has joined the Trilio Board of Directors.
The company will use the funding to invest in its product development, sales, marketing and customer success teams.
Led by David Safaii, CEO, Trilio provides a cloud-native data protection platform for Kubernetes, OpenStack and Red Hat Virtualization environments. Its TrilioVault technology is used by cloud infrastructure operators and developers for backup and recovery, migration and application mobility. Customers in telecom, defense, automotive and financial services use TrilioVault to recover from di
Framingham-based Trilio, a provider of data protection for cloud-native environments, has secured $15 million in funding.
The funding round included participation from SKK Ventures of Boston, Plug and Play of Silicon Valley, and existing investors .406 Ventures of Boston and Jack Egan of Boston, according to a release from Trilio. The funding includes $12 million in Series B growth equity combined with over $3 million in debt facility from Avid Bank, based in San Jose, Calif.
The company will use the funding to further invest in its product development, sales, marketing and customer success teams to bring its TrilioVault product to more markets.
According to the company, the product is a cloud-native approach protecting across hybrid- or multi-cloud environments.