Axcient Receives $15,500,000 Series C Financing

  • Feed Type
  • Date
    10/3/2011
  • Company Name
    Axcient
  • Mailing Address
    2761 Marine Way Mountain View, CA 94043
  • Company Description
    Axcient offers the first plug-and-play data protection service to make business continuity and online backup simple for small and medium sized businesses (SMB). Axcient incorporates an onsite data backup and replication management appliance with offsite cloud-based storage and services, delivering a secure and cost-effective way to ensure uptime and data recovery.
  • Website
    http://www.axcient.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,500,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    In addition to expanding its platform, Axcient plans to triple its sales and marketing department and aggressively target the millions of businesses that still rely on legacy tape systems to protect their data.
  • M&A Terms
  • Venture Investor
    Scale Venture Partners
  • Venture Investor
    Allegis Capital
  • Venture Investor
    Peninsula Ventures
  • Venture Investor
    Thomvest Ventures