Originally posted on VentureBeat:


Enterprise cloud storage startup Egnyte has raised $16 million from Google Ventures, Kleiner Perkins Caufield & Byers, and Polaris Venture Partners in its third round of funding, the company announced Tuesday.

Egnyte helps businesses with various hybrid cloud storage solutions and competes with Box, Nirvanix, Zetta, and others. Through increased marketing efforts and a smart anti-Box campaign, the company has attracted more attention and now has 1 million users across 30,000 paying companies.

However, it still has work to do.

“Our biggest weakness is lack of awareness, so we’re going to use this funding for sales, marketing, etc.” Egnyte CEO Vineet Jain told VentureBeat “That said, I could have gone higher than $16 million. I’ve done this before, and I didn’t want to go too big.”

With Google’s recently launched Drive cloud storage product on the market, the addition of Google Ventures as an investor is significant. While Jain…

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