Tiger Technology Raises $10M for Hybrid Cloud Data Solutions

Tiger Technology, a Bulgarian firm specializing in hybrid cloud data infrastructure, has successfully closed a €8.7 million ($10 million) Series A funding round. This significant capital infusion is earmarked to accelerate the company's global expansion and enhance its 'always-on' data solutions for mission-critical enterprises.

The funding round was spearheaded by TCEE Fund IV, managed by 3TS Capital Partners. Key participants also included TDJ, Endeavor Catalyst, Impetus, and existing backers such as MFG Invest and Dimitar Ratchev. This broad investor support underscores confidence in Tiger Technology's unique approach to managing unstructured data across diverse environments.

Founded in 2004 by Alexander Lefterov, Tiger Technology addresses a critical gap in the market: the vast amount of unstructured data, estimated at 80% of enterprise data, much of which remains unanalyzed. The company's flagship product, Tiger Bridge, acts as a seamless control layer, enabling continuous data placement, protection, and activation across on-premises and cloud infrastructures without disrupting existing workflows. This is particularly vital as the global hybrid storage market is projected to reach $29.3 billion by 2030, fueled by the exponential growth of unstructured data and the increasing demand for AI-driven analytics.

“This investment is an important validation of the technology, customer trust and international business our team has built,” stated Iravan Hira, CEO of Tiger Technology. “It gives us the resources to accelerate our global expansion, amplify our partnerships with leading cloud and technology platforms, and bring Tiger Technology’s always-on, AI-ready data infrastructure to many more companies operating in mission-critical environments.” The company emphasizes its focus on sectors where downtime is not an option, such as transportation, media, construction, and government.

Tiger Technology's solution is designed to tackle the challenges posed by data silos and the complexity of hybrid environments. By providing transparent and consistent data access, the platform empowers organizations to leverage their data for AI initiatives and other modern applications. Recent client successes highlight the platform's efficacy, including a tenfold increase in file restore speeds during cloud migrations and up to 90% reduction in on-premises storage costs. The company currently manages over 100 petabytes of data for its global clientele.

Sever Totia, Partner at 3TS Capital Partners, commented on the investment, noting, “Tiger Technology stood out through a combination of unique technical breakthroughs in petabyte-level hybrid storage, mission-critical customer deployments, and a clear market opportunity driven by AI adoption, data security and sovereignty. The company has built a highly differentiated platform that enables enterprises to modernise their data infrastructure while preserving existing investments.” The newly acquired capital will be strategically deployed to bolster global operations, deepen market penetration in the US, Europe, and the Middle East, drive product innovation, and expand its sales and partner network.