Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7e48a81-21a7-414e-96cf-28c16078f1fd
Date 2/18/2015
Company Name Axcient
Mailing Address 1161 San Antonio Rd. Mountain View, CA 94043 USA
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.
Proceeds Purposes Axcient will use the round to invest in sales and marketing, and to finance the industry-first reseller compensation program, SaaS:FLO. In addition, Axcient expects to nearly double its R&D team to continue to drive innovation on its flagship Business Recovery Cloud.