Axcient Lands $25,000,000 New Financing

  • Feed Type
  • 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.
  • Website
    http://www.axcient.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $25,000,000
  • Transaction Round
    Undisclosed
  • 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.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
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