Framingham cloud protection startup secures $15M in funding
Courtesy | Trilio
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.
Along with its investment, Stephen Brackett, president and managing member of SKK Ventures, has joined the Trilio board. SKK Ventures is a division of Boston-based investment firm Shepherd Kaplan Krochuk.
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