Egnyte

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Egnyte, Inc.
Type Private
Industry Technology
Founded 2007 in Mountain View, California
Headquarters Mountain View, CA
Key people Vineet Jain (CEO), Ian Whiting (President, Field Operations), Isabelle Guis (CMO), Rajesh Ram (VP, Product Management), Hakan Ancin (VP Engineering), Amrit Jassal (CTO), Steve Sutter (CFO), Kris Lahiri (CSO)
Website www.egnyte.com

Egnyte provides enterprise file services[1] for businesses, and unlike cloud-only storage providers, it supports storage across a mix of local, private, and public clouds.[2] This hybrid solution lets companies keep data on-premises or in the cloud, depending on how much security they need for each file.[3]

Egnyte’s software runs on storage hardware from vendors that include Netgear, Synology and NetApp, three companies with powerful, well-established sales relationships with other companies mulling their own move to the cloud.[4]

Some of the company's customers include: Cracker Barrel, Garda, H.D. Smith, IKEA, Red Bull, Tommy Hilfiger and Yerba Buena Center for the Arts.[5]

Egnyte currently employs more than 200 employees worldwide, and hired at the rate of two to three employees per week as of May 2014.[6]

Industry analyst firm Ovum released a report at the end of 2014 that placed Egnyte as a market leader, noting the company is well placed for the security-focused European market.[7]

History and Funding[edit]

Headquartered in Mountain View, California, Egnyte was founded in 2007 by a team of high-tech veterans and engineering experts, including former Valdero partners Vineet Jain, Amrit Jassal, Rajesh Ram, and Kris Lahiri.[8]

Egnyte is a privately funded company that most recently closed its $29.5 million Series D round from investors that included Seagate, CenturyLink, Northgate Capital, and prior investors Kleiner Perkins, Google Ventures and Polaris Partners.[9]

Egnyte also received funding in 2007 (seed round of $1M), 2009 (Series A of $6M), 2011 (Series B $10M), and 2012 (Series C $16M); total funding to date is $62.5M. The full list of investors include: Google Ventures, Kleiner Perkins Caufield & Byers, Floodgate Fund, Polaris Partners, Northgate, CenturyLink and Seagate.[10]

Management Team[edit]

Vineet Jain, the CEO and co-founder of the company, previously founded Valdero, a supply chain software solution provider. Jain was named the 2010 Storage Superstar and was recognized as a 2010 Emerging Storage Vendor by CRN magazine.[11]

Industries Served[edit]

Egnyte serves customers in a variety of industries and has gained traction in the Architecture, Engineering and Construction (AEC) industry, naming Adolfson & Peterson, Balfour Beatty, Bowmer & Kirkland, Casey Industrial, Devcon, and PC Construction as some of the company's AEC customers that have adopted its solution.[12]

Media, PR and Advertising companies have also chosen Egnyte's solution for its hybrid architecture, and one of its customers M&C Saatchi noted its mobile devision adopted Egnyte to get "the advantage of high-speed access locally...they can benefit with mobile phone ability to run an app, so it has improved collaboration across distances."[13]

See also[edit]

References[edit]

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