Sonian Obtains $13,600,000 Series C Funding Round

  • Feed Type
  • Date
    5/31/2012
  • Company Name
    Sonian
  • Mailing Address
    95 Wells Ave Newton, MA 02459
  • 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
    $13,600,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The investment — which marks nearly $27 million raised to date — will be used to scale sales and marketing, and accelerate innovation of the company’s flagship cloud archiving products.
  • M&A Terms
  • Venture Investor
    OpenView Venture Partners
  • Venture Investor
    Summerhill Venture Partners
  • Venture Investor
    Prism VentureWorks

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