New funding from Index Ventures and Dawn Capital to expand R&D and market presence
Mimecast, a SaaS company offering unified email management, email archiving, and email security solutions, has raised a
£13 million (roughly $21 million) Series B in new funding from venture capital firms Index Ventures and Dawn Capital.
The service provided by Mimecast is a powerful email platform based in the cloud. Its platform is highlighted by a long list of necessary features, including bottomless storage, email archiving, and spam/virus protection.
According to the company's own figures, Mimecast has seen triple digit revenue growth in each of the last three years.
"The global economic downturn has brought the savings we deliver to our customers into sharp focus," said Mimecast CEO and co-founder, Peter Bauer. "SaaS has become mainstream and our proven ability to deliver a reliable service with very short implementation cycles puts Mimecast in an ideal position to help thousands more companies realise the benefits that cloud computing can bring. This new funding will help us build market leadership further."
The UK-based company, founded in 2003 by CEO Peter Bauer and CTO Neil Murray, now has offices in Europe, North America, Africa, the Middle East and the Channel Islands and serves about 2,500 customers worldwide. Mimecast's customers come from a range of industries--financial services, legal, manufacturing and the public sector.
The
Royal Albert Hall is Mimecast's latest well-known customer, as the venue's administration announced just over a week ago that it had employed Mimecast to handle their tremendous barrage of email.
"As an SME we’re constantly trying to stop our infrastructure getting more complicated than it needs to be, so we were keen in looking at the cloud," said Crispin Gray, head of information systems at the Royal Albert Hall.
According to Gray's IT staff, Mimecast has already stemmed the flow of 53,000 emails from reaching the enterprise's inbox every day.
Steven Loeb
