Participated · Series B · Dec 2022

Trilio provides cloud-native data protection and management, with its TrilioVault technology used for backup and recovery, migration, ransomware protection and application mobility. The product targets cloud architects and DevOps engineers supporting applications on Kubernetes and OpenStack. Customers span telecom, defense, automotive and financial services and use TrilioVault for migration, rapid ransomware recovery and disaster recovery compliance. The company said it will use new funding to increase focus on product development, engineering and customer operations. Leadership includes CEO Massood Zarrabian; David Safaii has transitioned to Executive Chairman and Christina Lattuca joined as CFO and VP of Operations. The company is based in Framingham, MA and has raised a total of $36M to date. Trilio's core product is TrilioVault, a cloud-native data protection platform for Kubernetes, OpenStack and Red Hat Virtualization that supports backup and recovery, migration, DR and application mobility. The company recently released TrilioVault for Kubernetes v2.0, including a multi-cloud management console, and achieved Red Hat OpenShift Operator certification. Trilio serves customers in telecom, defense, automotive and financial services and reported 300%+ growth in 1H 2020. The company plans to use new funding to expand go-to-market capabilities and accelerate adoption across hybrid- and multi-cloud markets. Trilio will further invest in product development, sales, marketing and customer success to bring TrilioVault to markets across the globe. Leadership highlighted the platform's fit for Kubernetes-era data management challenges and the company has received recognition from GigaOm and Gartner. Trilio Data, founded in 2013 and based in Boston, provides a business assurance platform for IT organizations and cloud service providers deploying application workloads in public, private and hybrid clouds. Its flagship product, TrilioVault, is a data backup and recovery solution for OpenStack adopters that supports data protection, migration, resource management, configuration, change management, and sandbox-as-a-service. The company is led by CEO David Safaii. Trilio intends to use the funds to grow its engineering, sales and marketing teams and to increase channel enablement support for its global customer base. The company’s core focus is protecting and managing application workloads across cloud environments.

Participated · Equity · Sep 2022

Founded in 2019, Miami-based Allocations offers software and APIs that automate the formation and administration of special purpose vehicles and other private funds, helping managers lower minimum check sizes and speed up deal execution. The platform has surpassed $1 billion in assets under administration and is used by family offices, angel groups, and venture funds such as Backstage Capital and Vitalize Venture Group, collectively serving over 10,000 private-wealth clients. Allocations generated a $6.25 million revenue run rate in July 2022, up from $4.6 million the previous June. By streamlining workflows that were previously handled by legacy systems, the company lets managers run thousands of SPVs per year with greater automation. Management plans to double down on its API suite and add deeper fund-customization features. Allocations is also exploring blockchain-based fund administration to unlock liquidity and efficiency across the alternative assets market, which it notes could grow from $13 trillion to $23 trillion by 2026.