Axcient Raises $20M To Help Companies Backup And Protect Data
Summary
Founded in 2006, Axcient wants to bring core data protection and recovery solutions to SMBs and large corporations for a reasonable price. With local, on-site hardware that use local network speeds with the added benefit of the creation of a secure tunnel to Axcient’s cloud, the startup has basically enabled organizations to take advantage of a SaaS-based hybrid cloud model which works for companies with 250GB of data or up to hundreds of terabytes. The company says the key differentiator for its service is its platform approach, which eliminates a multitude of antiquated technologies such as backup, business continuity, archiving and disaster recovery in favor of a single, unified platform that eliminates downtime and data loss And thanks to this approach, Axcient is growing fast. The company’s sales were up 100% in 2012, and Axcient protects close to 10 billion files and apps across thousands of organizations. Axcient’s client list includes the Make-a-Wish Foundation, Budget Rent a Car, Union Bank and Cellular One The new funding is going to be used to hire 50+ people in engineering, sales and marketing in 2013.
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