Tiger Technology targets USD $10M funding for cloud growth

Tiger Technology is seeing significant growth with its hybrid cloud data management platform as data management costs continue to rise across various industries.

The company, now working on securing USD $10M in Series A funding, attributes its success to addressing challenges posed by substantial data growth. Tiger Technology's hybrid cloud solutions help companies manage multiple on-premises and cloud systems more cost-efficiently. Clients in healthcare, public security, and other critical sectors have reportedly reduced storage costs by 80-90% while improving compliance and data retention capabilities.

Alexander Lefterov, Co-Founder and Chief Technology Officer, stated, "Hybrid cloud provides the best of both worlds, and reduces the risks associated with a full migration to the cloud, providing a more strategic and manageable transition path." The hybrid approach is posited as a practical solution to access data globally and meet emerging compliance requirements.

The company's leadership includes CEO Iraván Hira, with past roles at Hewlett Packard Enterprise and the Financial Times, alongside Co-Founder and CTO Lefterov. Additionally, Chief Operating Officer Mila Petrova was previously CEE Operations Manager at Shell. Tiger Technology's Board features Krassimir Piperkov, Momchil Vassilev, and Lubo Minchev, bringing a wealth of experience from Silicon Valley and strategic entrepreneurship.

With 65% year-over-year revenue growth and a 300% increase in their sales pipeline, Tiger Technology intends to use the new funding to further expand into international markets and enhance research and development. Already, a significant portion of the company's revenue is derived from US clients, and it continues to grow its presence in regions including the UK, DACH, and the MENA.

Backed by investors such as Impetus Capital, Telelink Investments, and MFG Invest, Tiger Technology aims to align its growth trajectory with industry predictions. Iraván Hira commented, "Tiger Technology's growth trajectory aligns with significant market predictions, with 70% of IT leaders expected to implement hybrid cloud storage solutions by 2027. The combination of customer-centricity, mission-critical deployments, and established global footprint is what has attracted the attention of investors looking for high-impact investments in cloud infrastructure."

The hybrid cloud platform offers intelligent tiering and data replication, aiming to bolster data security and compliance for clients in regulated and high-risk sectors like transportation, healthcare, and surveillance. Notable clients include international airports, reflecting the platform's capability to safeguard against hardware failures and maintain system accessibility.