Jungle Disk Gets Additional Funding A Year After Rackspace Spinout

Jungle Disk, a data backup company that spun out of Rackspace about a year ago, has raised more funding to help the company market itself and add more customers.

Jungle Disk isn’t disclosing how much it raised or whom it’s from. The money comes on top of the $11 million in venture funding the company got from San Antonio family offices and investors to spin the business out of Rackspace in January 2016. Jungle Disk sells encrypted backup services to small businesses, and added a cybersecurity offering in April.

The new funding triples the amount of capital that Jungle Disk has for growth, the company said in a prepared statement. For a little more background on the business, check out this conversation Xconomy had with Jungle Disk CEO Bret Piatt last month.

Author: David Holley

David is the national correspondent at Xconomy. He has spent most of his career covering business of every kind, from breweries in Oregon to investment banks in New York. A native of the Pacific Northwest, David started his career reporting at weekly and daily newspapers, covering murder trials, city council meetings, the expanding startup tech industry in the region, and everything between. He left the West Coast to pursue business journalism in New York, first writing about biotech and then private equity at The Deal. After a stint at Bloomberg News writing about high-yield bonds and leveraged loans, David relocated from New York to Austin, TX. He graduated from Portland State University.