This Bulgarian Startup Just Raised $10 Million to Bridge Cloud and On-Premises Data

Jan de Vries · 2026-07-28

### A $10 Million Bet on Hybrid Cloud Tiger Technology, a file data services company based in Sofia, Bulgaria, just closed the first part of a $10 million Series A funding round. The company specializes in on-premises-first hybrid cloud workflows, meaning they help businesses keep their most critical data close while still tapping into the cloud when it makes sense. This round was led by TCEE Fund IV, with advice from 3TS Capital Partners. Other investors include TDJ, Endeavor Catalyst, Impetus, and existing backers like MFG Invest and Dimitar Ratchev. ### Why This Matters for Enterprise Data Here's the thing: most companies are sitting on a mountain of data they never use. According to Tiger Technology, over 40% of enterprise data still lives on-premises, 80% is unstructured, and more than half is "dark" -- stored but never analyzed or activated. That's a huge missed opportunity. And it's quietly killing AI initiatives that depend on that data. The global hybrid storage market is expected to hit $29.3 billion by 2030, driven by this exact problem: enterprises need data that's usable, not just stored. ### What Tiger Technology Actually Does Tiger Technology's flagship product is called Tiger Bridge. Think of it as a control layer that sits on top of your existing storage -- both cloud and on-premises. It gives users and applications consistent, transparent access to data without forcing you to rip and replace your current infrastructure. This is a big deal for companies that can't afford downtime. We're talking about organizations in transportation, media, construction, and government. Tiger Technology claims it operates in the "mission-critical" segment, where even a slight performance drop counts as a failure. ### The Results Speak for Themselves The company says it manages over 100 petabytes of data for some of the world's largest and most demanding customers. Recent client wins include: - A 10x increase in file-restore speed during a multi-petabyte cloud migration - On-premises storage reductions of up to 90% - Unlocking 10 years' worth of historical data for AI analysis ### A Contrarian Bet That Paid Off "Many years ago, we made a bet that felt contrarian at the time," said Alexander Lefterov, founder and CTO. "The industry was drawing a hard line between 'cloud' and 'on-premises' -- as if enterprises would eventually have to pick one and abandon the other. We didn't believe that." Instead, Tiger Technology built a transparent bridge between the two. And now, with AI adoption accelerating and data security threats growing, that bet looks smarter than ever. ### What's Next for Tiger Technology CEO Iravan Hira says the funding will accelerate global expansion and deepen partnerships with leading cloud platforms. The goal is to bring their always-on, AI-ready data infrastructure to more companies running mission-critical operations. If you're managing enterprise data that can't afford to be offline, this is a company worth watching.