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January 18, 2012 09:59 am GMT
Code 42 Software, a Minnesota-based online backup company for consumers, businesses and the enterprise, has raised $52.5 million in funding led by Accel Partners with participation from Split Rock Partners. This is the first major investment from Accel's recently announced Big Data Fund, which is dedicated to funding infrastructure and application companies in Big Data. This is the first round of institutional investing for Code 42.You may not have heard of Code 42, but the enterprise company should be on your radar. Founded by Brian Bispala, Mitch Coopet and Matthew Dornquast, Code 42 launched CrashPlan, a personaldata protection and backup software, back in 2007. The intention of CrashPlan was to reinvent backup by developing an easy-to-use technology to protect data whenever and wherever it is created. After introducing CrashPlan to consumers, Code 42 decided to use this knowledge gained to develop and deliver a backup software that was enterprise-grade.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rhMAJJVSYKY/
Accel Leads $52.5M Round In Cloud-Based Data Storage And Backup Company Code 42
Code 42 Software, a Minnesota-based online backup company for consumers, businesses and the enterprise, has raised $52.5 million in funding led by Accel Partners with participation from Split Rock Partners. This is the first major investment from Accel's recently announced Big Data Fund, which is dedicated to funding infrastructure and application companies in Big Data. This is the first round of institutional investing for Code 42.You may not have heard of Code 42, but the enterprise company should be on your radar. Founded by Brian Bispala, Mitch Coopet and Matthew Dornquast, Code 42 launched CrashPlan, a personaldata protection and backup software, back in 2007. The intention of CrashPlan was to reinvent backup by developing an easy-to-use technology to protect data whenever and wherever it is created. After introducing CrashPlan to consumers, Code 42 decided to use this knowledge gained to develop and deliver a backup software that was enterprise-grade.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rhMAJJVSYKY/
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