Tuesday, August 3, 2010

Axcient Snags $9M More

Mountain View-based Axcient, a developer of data backup and business continuity services, announced today that it has raised $9M in a Series B funding round. The round was led by Thomvest Venturs, and also included prior investors Allegis Capital and Peninsula Ventures. The firm said the new funding brings its total raised to $17M. As part of the funding, Don Butler of Thomvest will join its board of directors. The firm said the new funds will go to enhance its services and expand sales and marketing teams at the company. More information »