Wednesday, May 20, 2009

Axcient Adds $2M More To Series A

Mountain View-based Axcient, a developer of data protection software and services, said Wednesday that it has added $2M to its previously announced Series A round of funding. The firm said the new funding came from Thomvest Ventures, and brings the total raised in the roudn to $8M. The firm previously announced a tranche of funding from Allegis Capital and Peninsula Ventures. In addition to the funding, the firm said it has named Jack McGovern as its Chief Financial Officer. McGovern joins the firm from Dilithium Networks, and has also served at Strategic Capital, Matrix International, GATX, and KPMG Peat Marwick. More information »