Axcient adds $2 million to Series A round

Data protection company gets funding from Thomvest Ventures, Allegis Capital and Peninsula Ventures


Financial trends and news by Chris Caceres
May 20, 2009 | Comments (0)
Short URL: http://vator.tv/n/87c

7477

 Axcient Inc., a data protection service for small and medium sized businesses, has secured an additional $2 million for a total of $8 million in Series A funding, reports peHUB.  Thomvest Ventures jumps on as the newest backer and is joined by previous investors Allegis Capital and Peninsula Ventures.

Based out of San Jose, Ca.,  Axcient offers what it calls a, ‘comprehensive data protection service...which keeps data safer.'  It's architected as a part SaaS solution, part onsite solution.  Small and medium sized businesses must install an Axcient appliance, basically a RAID hard drive depending on the capacity you order, that stays in the workplace and backs up information, while at the same time backs up data to an offsite data-center.  If your system goes down, Axcient says it can restore lost data in minutes unlike other solutions which can take up to weeks or months.

Some of the industries Axcient says it covers include legal, financial, healthcare, design & creative, retail, credit card, web 2.0 and education.

Founded in 2006, the company is headed by CEO Justin Moore, who built MK Global which secured the rights to over $1 billion in telecommunications equipment after the dot-com collapse.  Axcient says the funding will be used enhance its technology platform, grow operations and increase sales/marketing initiatives.  
 

0 comments

Ackrell/Vator.tv Investor Network
Vator.tv members can participate in exclusive equity and debt investment opportunities in a range of industries.

Latest company updates on Vator.tv

SecondMarket - Aishwarya Iyer (Account Coordinator, Public Affairs)
TechCrunch: SecondMarket: Facebook And Zynga Dominate Transactions In February http://ow.ly/1qaAtc
See more about 1 hour ago, 1 thumbs up
Currently in need of an exceptional software developer. Please contact for further information.
See more about 3 hours ago
Please vote for Liquid Scenarios www.bit.ly/vote4Liquid in Vator Splash :) I'm in LA County this morning ...
See more about 4 hours ago
Projector123's data was edited about 5 hours ago
800 fans on Facebook :D THANK YOU! If your not our face yet go to: http://bit.ly/71KkdK
See more about 10 hours ago
© 2010 Vator, Inc.