Cloud-native data protection firm Trilio Data Inc. said it has secured $17 million in new Series B funding and appointed serial entrepreneur Massood Zarrabian as CEO. That brings Trilio’s total funding to $36 million.
The company said it will leverage the capital to increase focus on product development, engineering and customer operations.
The nine-year-old firm specializes in protecting for Kubernetes, Red Hat Inc. OpenStack and Red Hat virtualization environments. Its TrilioVault for Kubernetes creates backups for those environments, enabling system administrators to capture the state of a workload at any point in time and store that snapshot on-premises or in the cloud.
Zarrabian said the company will be focused on multi-cloud application mobility, ransomware protection and compliance with disaster recovery protocols. He was formerly CEO of BA-Insight Inc., a search engine developer that was acquired by Upland Software Inc. in February. Previously, he was CEO of Certeon Inc. and OutStart Inc., both of which were bought by other firms.
David Safaii, who had been CEO since 2014, has assumed the role of executive chairman of the board, focusing on strategic needs, the company said. Christina Lattuca has been appointed chief financial officer and vice president of operations. She was most recently CFO of cybersecurity-as-a-service provider Cygilant Inc. prior to its acquisition by SilverSky Inc.
The funding was led by SKK Ventures, an investment arm of Shepherd Kaplan Krochuk LLC, with participation from T-Mobile Ventures, Wayra Telefónica Innovation, Raiven Capital LP, Genesis Accel, .406 Ventures LLC and private investor Jack Egan.
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