Bulgarian Cloud Technology Provider Tiger Technology Raised €2.3 M from Business Angels

Bulgarian Cloud Technology Provider Tiger Technology Raised €2.3 M from Business Angels

Bulgaria-based provider of high-performance shared storage solutions, Tiger Technology, received €2.3 M funding from business angels to develop its newly established product, Tiger Bridge, and expand the company’s presence on the US market. Liubomir Minchev, founder of the leading Bulgarian IT company Telelink, along with the Bulgarian entrepreneur Dimitar Rachev are among the business angels who will receive a total of 20% share in Tiger Technology.

The newest product, Tiger Bridge, is designed to connect local and cloud file structures in a way that provides the ability to build efficient hybrid processes, essentially allowing for the security and speed of local storage to be combined with the scalability and resilience of cloud storage. The software is used by companies like HP, Amazon Web Services, IBM and Microsoft. ‘We are excited to take this next step in the development of Tiger Technology which will allow us to grow even faster and invest in growing the sales of our new flagship product – Tiger Bridge,’ said Mr. Alexander Lefterov, Founder of the company.

Tiger Technology develops and designs high-speed, secure software and data management cloud solutions for companies in the enterprise IT, surveillance, media and entertainment sectors. The company was founded in 2004 and quickly became a necessity for clients in the media and entertainment industries among which are Disney, Universal, MTV, Sky, Financial Times, NASA, BNP Paribas, and Pentagon. In 2017 Alexander Lefterov became part of the international network of entrepreneurs Endeavor. For 2017 the company reached revenue of €1.7 M.

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