Datto Raises $75M in Series B Funding

Funding Rounds

▤ Summary

Datto, a Norwalk, CT-based provider of comprehensive data backup, recovery and business continuity solutions, raised $75m in Series B funding.In conjunction with the funding, Ted Coons, general partner at TCV, joined Datto’s board along with Patrick Gray, a board director of Civitas Solutions, Inc., and Ursula Burns, Chairman and CEO of Xerox Corporation.The company, which has now raised just over $100m in total, will use the funds to continue to invest in its global expansion and to accelerate product innovation.Founded in 2007 by CEO Austin McChord, Datto provides backup, recovery and business continuity solutions used by thousands of managed service providers worldwide.The company manages more than 160 petabytes of data and more than one million backups a week for its customers.

$ Funding

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Amount $75.0M Total raised
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Date November 17, 2015 Announcement date
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Investors Datto, Technology Crossover Ventures Lead investors
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Company http://www.datto.com Funded company

▥ Classifications

industries
No industries detected
applications
Networking and Cloud

◇ AskAI Classifications

Labels
Backup and Disaster Recovery Software Remote Monitoring and Management (RMM) Software Cloud-based SaaS Solutions

▦ Linked Companies

Datto
$100M to $250M