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October 3, 2011 06:00 pm GMT
Axcient, the hybrid cloud-based data backup, disaster recovery, and business continuity startup, is today announcing that it has closed a $15.5 million round of series C funding. The round was led by Scale Venture Partners, the VC firm that has invested in other cloud services companies like Box.net and DocuSign, with participation from previous investors like Allegis Capital, Peninsula Ventures, and Thomvest Ventures. The series C investment brings Axcient's total funding to $33.5 million, and SaaS veteran and Scale Ventures Managing Director Rory O'Driscoll will be joining the startup's board of directors as part of the investment. O'Driscoll also sits on the boards of companies like JasperSoft, Lumension Security, mBlox, Omniture, Picolight, ScanSafe and Vantage Media.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zNPLCD6bCJg/
Axcient Lands $15.5 Million For Affordable Backup And Data Protection Solution For SMBs
Axcient, the hybrid cloud-based data backup, disaster recovery, and business continuity startup, is today announcing that it has closed a $15.5 million round of series C funding. The round was led by Scale Venture Partners, the VC firm that has invested in other cloud services companies like Box.net and DocuSign, with participation from previous investors like Allegis Capital, Peninsula Ventures, and Thomvest Ventures. The series C investment brings Axcient's total funding to $33.5 million, and SaaS veteran and Scale Ventures Managing Director Rory O'Driscoll will be joining the startup's board of directors as part of the investment. O'Driscoll also sits on the boards of companies like JasperSoft, Lumension Security, mBlox, Omniture, Picolight, ScanSafe and Vantage Media.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zNPLCD6bCJg/
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