Trinity Capital, an alternative asset manager, committed $30 million in growth capital to Silk Technologies, a software-defined cloud storage provider.
“With AI transforming how enterprises manage and consume data, Silk’s cloud storage solutions are timely and necessary,” Jack McNamara, director – tech lending at Trinity Capital, said. “We’re excited to provide Silk with this capital to capture the growth opportunities across the finance, healthcare, insurance and retail industries.”
This growth capital will enable Silk to continue to scale operations and fund growth initiatives.
“The partnership with Trinity Capital will help to ensure our cloud storage solutions continue to meet the evolving data demands of enterprises,” Dani Golan, founder and CEO of Silk, said. “AI is driving the need to process exponentially more data, and the Silk platform is well positioned to deliver the performance AI requires at a fraction of the cost.”
