After being in stealth mode for about six months, FileTrek announced Wednesday that it's raised $10 million in new funding, led by Anthem Venture Partners, to enter the cloud-file sharing services companies, such as Box and DropBox, which are growing like gangbusters.
"With DropBox and Box, you can access data from multiple points and different devices," said Dale Quayle, the newly-appointed CEO of FileTrek, in an interview with me. Prior to joining FileTrek last September, Quayle was CEO of Integrien before he sold the company to VMWare.
"[But] what happens if you send it to a CD or a thumbdrive or the community you've created in the share file? We keep track of all of that stuff," said Quayle. "The problem isn’t in the sharing of information and accessing it, it’s understanding what happens to it when it gets out of the box."
Watch my interview with Quayle as he explains why FileTrek is entering this space, and how it plans to work with channel partners to get its product into the market. Some potential partners include Documentum, which was acquired by EMC in 2003 for $1.7billion, FileNet, which was acquired by IBM in 2006 for $1.6B, and Microsoft’s SharePoint. Quayle also talks about how FileTrek started in 2001 and pivoted.
Here's a shot of how FileTrek works: