– USA, MA – Trilio, a leading provider of cloud-native data protection, today announced that it has secured $15 million in new funding led by SKK Ventures, with participation from Plug and Play and existing investors .406 Ventures and Jack Egan.
Concurrent with the financing, Stephen Brackett, President and Managing Member of SKK. has joined the Trilio Board of Directors.
“Trilio checks all of our boxes,” said Stephen Brackett, President and Managing Member of SKK. “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.”
The funding includes $12 million in Series B growth equity combined with a $3 million + debt facility from Avid Bank.
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. 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.
“We’re pleased to close this round of funding with a committed group of investors that bring operational expertise in scaling enterprise software organizations,” said CEO, David Safaii. “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,” added David Safaii. “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.”
About SKK Ventures
The SKK Ventures platform, a division of Boston-based investment firm Shepherd Kaplan Krochuk, actively invests in the life sciences and technology sectors. SKK Ventures partners with exceptional entrepreneurs developing promising technology platforms with the potential to present a value inflection point.
For more information: https://skk-llc.com/
About Trilio
Trilio is a leader in cloud-native data protection for Kubernetes, OpenStack, and Red Hat Virtualization environments. Our TrilioVault technology is trusted by cloud infrastructure operators and developers for backup and recovery, migration, and application mobility. Customers in telecom, defense, automotive and financial services leverage TrilioVault to recover from disasters, migrate workloads, move workloads to new infrastructure and migrate to new software distributions.
For more information: https://www.trilio.io/
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