Marathon Technologies, a Littleton, MA-based provider of disaster recovery software for physical and virtual servers, has raised a $7 million round of equity financing, according to an SEC filing. A company spokesman confirmed the information in the filing, and said the company would disclose more details in the next week or so. The filing does not specify who invested in the round, but the firm’s board of directors includes Axel Bichara of Atlas Venture in Waltham, MA, Paul Margolis, a partner at Waltham venture firm Longworth Venture Partners, and Steven Williams, managing director of Sierra Ventures in Menlo Park, CA.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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