Trilio Raises $17 Million, Total at $36 Million

Trilio Data, Inc. secured $17 million in funding to drive further innovation and growth in the cloud-native application resiliency market.

The company also announced the appointment of enterprise software executive Massood Zarrabian as CEO. He was formerly chairman and CEO of BA Insight.

“Trilio is a trusted partner for organizations that are driving digital transformation leveraging cloud-native technologies,” he said. “The company has established a leading position in the new growth category of Kubernetes with unique application resiliency technology, strong partnerships and a passionate team. Our goal is to leverage those resources to help customers meet their mandates for multi-cloud application mobility, ransomware protection and compliance with DR protocols. We’re pleased to have the continued confidence of SKK Ventures and added support from leading innovators such as Te le fonica and T-Mobile, who are also valued customers.”

The company will leverage the capital to increase focus on product development and customer operations. The additional funding is part of the company’s series B round and was led by SKK Ventures with participation from T-Mobile Ventures, Wayra Telefónica Innovation, Raiven Capital, Genesis Accel, .406 Ventures and Jack Egan.

This brings total capital raised to $36 million.

In his most recent role, Zarrabian led BA Insight‘s transformation and growth into a multi-platform enterprise search software company leading to its acquisition by Upland in 2022. Prior to that, he was president and CEO of OutStart where he established the company as a market leader with hundreds of customers. He also served as president of the eService division of Broadbase Software, provider of eCRM solutions.

David Safaii, who has been CEO since 2014, has transitioned to the role of executive COB, focusing on the strategic needs of the organization, including corporate and business development.

“Trilio has earned notable success under David’s leadership, including building brand awareness, a strong team of dedicated professionals, and a roster of tier-1 enterprise customers from around the world. His expertise will play a vital role going forward as the executive chairman,” said Rob Scott, member of board of directors.

He continued: “We’re equally excited to bring on Massood Zarrabian as CEO. Massood is a seasoned operator with experience in driving and scaling software companies like Trilio to the next level. Massood’s track record of building teams, culture, and outcomes makes him a great fit for our organization as we move forward into this next chapter.”

Additionally, the company announced Christina Lattuca as CFO and VP operations. She joins to lead the company’s finance, accounting, business intelligence, legal and human resources functions. She was most recently CFO of Cygilant, provider of cybersecurity-as-a-service, prior to its acquisition by SilverSky. She has more than 25 years of financial management expertise developing and implementing financial planning, controls, and reporting for international high-tech companies.

Stephen Brackett, president and managing member of SKK Ventures , said: “SKK believes in the Trilio mission, and we are encouraged by the company’s continued progress in the fast-growing market for cloud-native application resiliency. The growth in the company’s technology and partner ecosystem is a strong indicator of how the leadership team has elevated the Trilio brand as both a technology innovator and a trusted go-to-market partner.”

Jeff Pellegrini, VP of investments, T-Mobile Ventures, said: “Our enthusiasm for Trilio’s technology, product and customer-centric approach is driven not just by the due diligence of an investor but by the intensive research of a customer. T-Mobile did an extensive investigation of the players in this space before selecting TrilioVault as its cloud-native application resiliency service. As a result, we became convinced that backing the company strategically was the right move. We’re happy to participate in this funding round and support the company’s next phase of innovation and growth.”

TrilioVault for Kubernetes is a cloud-native data protection platform helping organizations migrate to new cloud infrastructure, recover quickly from ransomware attacks and comply with DR mandates. The company is well positioned to capitalize on a growing market for cloud-native management solutions. According to IDC, 70% of all net-new apps in production will be cloud-native by 2024, up from just 10% in 2020. This momentous shift to containerized applications means enterprises need robust and reliable data protection for Kubernetes-based applications.