Symform, a business IT startup that employs users as storage nodes on a distributed data network, has raised $2 million from WestRiver Capital. The company says that rounds out its Series A fundraising at $7.5 million.
Symform was founded in 2007 by ex-Microsofties Praerit Garg and Bassam Tabbara. Symform’s previous investors are Kirkland’s OVP Venture Partners and Boston-area VC firm Longworth Venture Partners.
The company brought on former DocuSign chief executive Matthew Schiltz as its CEO last year, and moved into a new headquarters in the fall.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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