Symform Adds $2M for Peer-to-Peer Data Storage

1/24/12Follow @curtwoodward

Symform, a business IT startup that employs users as storage nodes on a distributed data network, has raised $2 million from WestRiver Capital. The company says that rounds out its Series A fundraising at $7.5 million.

Symform was founded in 2007 by ex-Microsofties Praerit Garg and Bassam Tabbara. Symform’s previous investors are Kirkland’s OVP Venture Partners and Boston-area VC firm Longworth Venture Partners.

The company brought on former DocuSign chief executive Matthew Schiltz as its CEO last year, and moved into a new headquarters in the fall.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: Follow @curtwoodward

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