Trilio has secured $15 million of funding, including $12 million in Series B growth equity combined with a $3 million+ debt facility from Avid Bank. Led by SKK Ventures, the round includes participation from Plug and Play and existing investors .406 Ventures and Jack Egan.
The company will use the funding to expand its go-to-market capabilities to accelerate adoption in the cloud-native market.
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.
Stephen Brackett, President and Managing Member of SKK has joined the Trilio Board of Directors.
The SKK Ventures platform, a division of Boston-based investment firm Shepherd Kaplan Krochuk, actively invests in the life sciences and technology sectors.
The company recently announced TrilioVault for Kubernetes v2.0, including a management console for multi-cloud data protection and was named a Leader and Outperformer by a GigaOm report on Kubernetes Data Protection.