Axcient raises $9M for data protection and recovery
Summary
Data backup provider Axcient has raised $9 million in a second round of funding, according to a filing with the SEC. Mountain View, Calif.-based Axcient provides small- and medium-sized businesses with data backup and recovery through both on-site devices and off-site data centers. The service is offered to customers through IT providers and requires minimal setup costs with no equipment and no software. Axcient last raised $8 million in 2009. Thomvest Ventures and Peninsula Ventures participated in that round as well, along with Allegis Capital.
Funding
Amount
$10.0M
Total raised
Date
July 14, 2010
Announcement date
Investors
Media Technology Ventures, Axcient, Thomvest Ventures, AllegisCyber Capital, Peninsula Ventures
Lead investors
Company
http://www.axcient.com
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
Backup and Disaster Recovery Software
Cloud Backup Software
Business Continuity Software
Linked Companies
Axcient
$25M to $50M