Amid the rapidly growing demand for efficient and compliant data management solutions, Tiger Technology is actively pursuing $10 million in Series A funding to fuel the growth of its hybrid cloud data management platform. The company has made notable strides by addressing the surging costs of data management that various industries, particularly healthcare and public security, are currently facing. Notably, Tiger Technology’s hybrid cloud solutions offer an economical way to manage on-premises and cloud systems, reportedly reducing storage costs by up to 80-90% while significantly improving compliance and data retention.
The increasing adoption of the platform is largely due to the strategic and manageable transition path provided by hybrid cloud solutions. These solutions skillfully blend the advantages of both on-premises and cloud systems, circumventing the pitfalls associated with a full-scale cloud migration. Co-Founder and CTO Alexander Lefterov emphasized that this approach is vital in supporting global data access and compliance demands. Consequently, Tiger Technology has positioned itself as a critical player in offering a solution that aligns with the multifaceted needs of modern data management.
Strategic Leadership and Investor Interest
Tiger Technology’s promising trajectory is propelled by a leadership team rich in experience. CEO Iraván Hira, whose resume includes leadership roles at Hewlett Packard Enterprise and the Financial Times, heads the company alongside COO Mila Petrova, who previously managed operations in Central and Eastern Europe for Shell. Furthermore, the Board of Directors features industry veterans such as Krassimir Piperkov, Momchil Vassilev, and Lubo Minchev, all of whom bring extensive Silicon Valley and entrepreneurial experience. This seasoned leadership has been instrumental in the company’s impressive 65% year-over-year revenue growth and a staggering 300% increase in their sales pipeline.
The financial support from investors like Impetus Capital, Telelink Investments, and MFG Invest underscores the strong market confidence in Tiger Technology’s potential. The funds raised through this Series A round will be used to expand the company’s international presence and bolster research and development efforts. Currently, Tiger Technology is making significant headway in regions like the United States, the UK, DACH (Germany, Austria, and Switzerland), and MENA (the Middle East and North Africa). The company’s strategic expansion plan aims to meet the growing demand for hybrid cloud storage solutions across these varied markets.
Market Outlook and Future Expansion
Tiger Technology is seeking $10 million in Series A funding to expand its hybrid cloud data management platform amid rising demand for efficient and compliant solutions. The company addresses high data management costs affecting industries like healthcare and public security. Tiger Technology’s hybrid cloud solutions provide a cost-effective way to manage on-premises and cloud systems, potentially reducing storage costs by up to 80-90% while enhancing compliance and data retention.
The platform’s increasing popularity can be attributed to the strategic and manageable transition path offered by hybrid cloud solutions. These solutions effectively combine the benefits of on-premises and cloud systems, avoiding the challenges of a full-scale cloud migration. Co-Founder and CTO Alexander Lefterov highlighted the importance of this approach in meeting global data access and compliance needs. Consequently, Tiger Technology has emerged as a key player in delivering a solution that meets the diverse requirements of modern data management.