Axcient Pulls in $9M

Wade Roush7/16/10

Mountain View, CA-based Axcient, which provides backup and disaster recovery services to managed service providers serving small and medium sized businesses, has collected $9 million out of a potential $10 million in equity-based Series B funding, according to a July 14 regulatory filing. The funders were undisclosed. Axcient last raised $6 million in a May 2009 Series A round with Thomvest Ventures, Allegis Capital, and Peninsula Equity Partners participating.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @