USA – 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 disasters, migrate workloads, move workloads to new infrastructure and migrate to new software distributions. 10/12/2020
