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Data-updater CTERA handed $25m: Overheated sector could get NASty

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Cloud storage startup CTERA has gained $25m in a funding round, following on from a similar one in 2014, and taking its total funding to almost $70m.

It was founded eight years ago and has developed a cloud storage gateway and NAS appliance with sync and share and end-point protection capabilities, which it calls an enterprise file services platform. The cash will fund sales and marketing initiatives to increase the global customer count.

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