AeroFS raises $10 million in Series B funding

By | July 15, 2015

On Tuesday, AeroFS, a leading enterprise private cloud collaboration startup, secures $10 million in Series B fund led by Avalon Ventures and Korea-based NHN Investment.


Based in Palo Alto, the startup AeroFS offers a suite of secure and mobile enterprise file sync and collaboration solutions for the private cloud. The company’s solutions allows employees to share and collaborate securely along with meeting up with regulatory requirements. The company is revolutionizing the file sync and sharing space and providing a new meaning to the whole concept of secure collaboration.

“With the increasingly mobile workforce and the rise of BYOD, demand for modern workplace collaboration technology has never been higher. Unfortunately, today’s public cloud solutions fall short for many companies due to privacy, security and data sovereignty concerns,” said Yuri Sagalov, CEO and co-founder of AeroFS. He added, “At the same time, the private cloud offers more than just security. In many cases, it also offers much higher performance and significantly reduced cost of ownership. That’s why we are continually expanding our suite of offerings to include workgroup productivity tools that are both secure and easily deployed or migrated to any on-perm or private cloud platform in the world.”

Before the current investment came in, the startup was busy with its development of private enterprise cloud solution for workgroups that includes support for Docker, permitting private cloud deployments to any cloud service in the world that includes OpenStack, Amazon Web Services and Microsoft Azure.

With the new inflow of funds, the startup plans to broaden its product development and marketing for the company’s latest private cloud workgroup collaboration offering. Further to the funding, NHN Investment Director Woo Kim would be joining the company’s board of directors. He being strong in strategic planning with a background in business development and business planning will benefit the company as they work to improve the cloud services.

“There is a shift taking hold in the enterprise world. Ever changing compliance regulations and data sovereignty rules mean enterprises can’t simply assume their public cloud offerings are secure,” said Kim. “That’s why AeroFS has seen incredible traction for its first-generation private cloud file sync and share solutions with world-class customers in healthcare, finance, automotive, telecom and many more industries. We look forward to helping them expand with new collaboration offerings that companies can use to harness the benefits of workgroup productivity without sacrificing security.”