Sonian Lands $9,000,000 Series B Round

  • Feed Type
  • Date
    1/18/2011
  • Company Name
    Sonian
  • Mailing Address
    100 Crescent Rd Needham, MA 02494
  • Company Description
    Sonian is a technology platform and hosted services company on a mission to help millions of organizations world-wide manage their critical IT functions such as archiving, search, compliance, e-discovery and storage management. The Sonian platform is easy to use, cost effective, scalable and secure. The Company leverages a mixture of Web 2.0 frame works, open source components, proprietary intellectual property, and grid computing utility infrastructure to deliver competitive hosted services at a fraction of the cost of other current vendors.
  • Website
    http://www.sonian.net/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $9,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Sonian will use the funds for continued research and development for its information archiving platform, and business expansion to meet increasing demand for its affordable, reliable, scalable and secure archiving solutions.
  • M&A Terms
  • Venture Investor
    Amazon, Inc.
  • Venture Investor
    Summerhill Venture Partners
  • Venture Investor
    Prism VentureWorks

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