QuorumLabs Receives $10,000,000 Series C Financing

  • Feed Type
  • Date
    11/12/2013
  • Company Name
    QuorumLabs
  • Mailing Address
    2890 Zanker Road San Jose, CA 95134
  • Company Description
    QuorumLabs onQ was engineered from the ground up to provide enterprise level business continuity without the complexity or cost of traditional solutions. onQ One-Click Recovery puts all of your applications and data back online within minutes of a storage, system or an entire site failure.
  • Website
    http://www.quorumlabs.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Like the Series B round completed in March, proceeds from this funding round will be used to expand sales and marketing of Quorum’s one-click backup, recovery, and continuity appliance and DRaaS solutions. Monies will also be set aside to support engineering with additional headcount to increase productivity as demand grows.
  • M&A Terms
  • Venture Investor
    Toba Capital
  • Venture Investor
    Airtek Capital Group