Axcient Garners $6,000,000 Series A Financing Round

  • Feed Type
  • Date
    5/20/2009
  • 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
    $6,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The funding will be used to further enhance Axcient’s technology platform, grow operations, increase sales and marketing initiatives, and better serve Axcient’s expanding customer base.
  • M&A Terms
  • Venture Investor
    Thomvest Ventures
  • Venture Investor
    Allegis Capital
  • Venture Investor
    Peninsula Equity Partners

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