Cloud

FileTrek grabs $10M from Anthem Venture Partners, Telesystem to help businesses track cloud-based files

Cloud file management startup FileTrek has exited stealth mode with good news: it has raised $10 million in second-round funding and is ready to show businesses that it’s the best option for securely sharing and tracking files in the cloud.

FileTrek will compete heavily with Box and Egnyte, two other file sharing and hosting solutions strongly targeting business users. But FileTrek stresses that it adds something to the mix of cloud storage that no one else is: detailed file tracking so you always know where a file is located and who made modifications. (When the company demoed the service to me, I told them it looked like Microsoft Office track changes on steroids.)

“We’re not saying we’re better than Box, but we do offer more,” FileTrek CEO Dale Quayle told VentureBeat. “There is nothing currently available from Box that we don’t provide and there’s a ton available from us that Box doesn’t provide.”

On top of always letting you know where cloud-based files are, the company also offers solutions for project collaboration and a way for managers to track data with audit reporting. Thankfully, the solution is also easy to scale across desktops and mobile devices so every employee can take part.

FileTrek’s new funding was led by Anthem Venture Partners, Telesystem, and Ontario Emerging Technologies Funds.

“We believe FileTrek will define a new category by delivering an innovative solution that combines file sharing and tracking of critical data,” said William Woodward, Managing Director of Anthem Venture Partners, in a statement. “FileTrek gives accessibility to the content that is currently scattered throughout an organization and elsewhere, bringing a new sense of security to companies both large and small.”

Ottawa, Canada-based FileTrek previously raised $5 million in funding, so its total raised is now at $15 million. The company also has a regional office in Los Angeles. The company will use the new funding to hire new engineering talent and to beef up its sales and delivery capabilities, Quayle said.

You can see more screenshots from FileTrek’s service below:

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