DataGravity Raises $50M in Series C Funding

Funding Rounds

▤ Summary

DataGravity, a Nashua, New Hampshire-based data-aware storage platform provider, closed $50m Series C funding.In conjunction with the funding, Ping Li of Accel Partners joined DataGravity’s board of directors.The company, which has raised $92m to date, will use the proceeds to accelerate product development, expand upon its commercialization and marketing efforts.Led by Paula Long, CEO, DataGravity is the creator of a data-aware storage platform that allows IT professionals and line-of-business users to store, protect, search and govern their data.Its patent-pending architecture, powered by the DataGravity Engine, analyzes data as it is ingested without impacting performance, so administrators and users can explore and use data to derive insights that increase productivity and efficiency.

$ Funding

$
Amount $50.0M Total raised
□
Date December 8, 2014 Announcement date
◎
Investors Accel Lead investors
▥
Company http://www.datagravity.com Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies

DataGravity
$10M to $25M