Datacastle Lands $3,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=147dfcb4-f21a-4db8-9ef1-057dc2735c9b&Preview=1 -
Date
11/24/2009 -
Company Name
Datacastle -
Mailing Address
701 North 36th Street Seattle, WA 98103 -
Company Description
Datacastle Corporation has a singular mission – to help organizations simply and cost effectively protect data against loss and laptop theft. We set out in 2005 to address the data protection challenges that expose organizations of all sizes to preventable data security risks, gaps in compliance and the erosion of brand value. By integrating continuous online backup, robust AES encryption standards, automated key management, proactive data deletion and unrivalled data reduction into a single solution, we deliver the strongest security available in data protection for the mobile workforce. Our comprehensive data protection software is available through leading service providers worldwide. -
Website
http://www.datacastlecorp.com -
Transaction Type
Venture Equity -
Transaction Amount
$3,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
“We plan to use the funds for sales and marketing activities to fuel our continued growth,” Faith said in an e-mail message. -
M&A Terms
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Venture Investor
CM Capital Investments -
Venture Investor
Undisclosed
