Axcient Inc., a Mountain View, CA-based provider of comprehensive data backup, business continuity and disaster recovery services for Managed Service Providers (MSPs) and their Small and Mid-Sized Business (SMB) customers, has completed its $9m Series B funding.
The round was led by Thomvest Ventures, with participation from existing investors Allegis Capital and Peninsula Ventures.
The new capital, which bring the total amount raised by the company to date to $17m, will be used to enhance its suite of data protection services and expanding its sales and marketing teams.
In conjunction with the funding, Don Butler, Managing Director of Thomvest Ventures, will join Axcient’s board of directors alongside current board members Pete Bodine, Steve Lewis, Justin Moore, Thomas T. van Overbeek, and Greg Robinson.
The service is currently being sold and managed by hundreds of managed service providers across North America and is protecting close to 20,000 devices in SMB environments.
FinSMEs
03/08/2010