Wednesday, May 13, 2015

Actiance Uncovers $28M For eDiscovery Efforts

Redwood City-based Actiance, a provider of services to help companies archive their communications and social media to meet compliance requirements, has raised $28M in a funding round, the company said today. The funding came from Golub Capital, along with Credit Suisse NEXT Investors, JK&B Capital, Scale Venture Partners and Sutter Hill Ventures. The company said the funds will be used for go-to-market, for its product, and for global expansion, starting in Europe. Actiance is led by Kailash Ambwani.