Egnyte Raises $16 Million From Google Ventures For Cloud File Storage Service

Egnyte has raised $16 million from Google Ventures for its cloud file storage solution. Exisiting investors?Kleiner Perkins Caufield & Byers (KPCB) and Polaris also participated in the Series C round. Egnyte provides a service that stores documents in a cloud environment with the file appearing on the desktop with shared and private folders. For instance, with Google Apps, people may use Egnyte to access files from Google GDrive where the documents arise.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/8q6QZ511L_4/

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