Infrascale Closes $16.3 Million Series B Funding to Deliver Expanded Platform of Data Protection Solutions
Funding Will Accelerate Go-to-Market Strategy, Expand Product Line With Acquisition of Eversync Solutions and Enable Company to Address a $2 Billion Market Opportunity
LOS ANGELES, Calif., June 5, 2014-- Infrascale, a leader in cloud-based data protection solutions, today announced that it has received $16.3 million in its Series B round of funding, led by new investor Carrick Capital Partners. The investment will support the company's growth, accelerating its go-to-market strategy and allowing Infrascale to quickly expand its product line through the strategic acquisition of Eversync Solutions. The cloud backup and recovery market exceeded $2 billion in 2013 (Source:IDC), and the Eversync acquisition further bolsters Infrascale's ability to pursue this market.
TWEET THIS: Infrascale announces $16.3M Series B, accelerates plans to deliver cloud-based data protection for the channel and enterprises.
Joining existing angel investors Dan Gregerson and Randy Smerik, Marc McMorris, co-founder and managing director of Carrick Capital Partners, will be involved as an active member of Infrascale's board, and Steve Unterberger, CTO of Carrick Capital Partners, will serve as a board observer.
Carrick's investment in Infrascale is consistent with the firm's focus on scaling fast-growing technology-enabled services and software-as-a-service businesses. "Trends in BYOD and the increasing number of remote and mobile workers create a long-term market opportunity that will continue to unfold over the next ten or more years as companies evolve in the way they procure and use technology," said McMorris. "Infrascale's ability to deploy in a private, public or on-premises environment and the superior security of its architecture are a unique combination that makes it the preeminent company in its category. We believe Infrascale is well positioned to take advantage of this growing market."
Infrascale has built a cloud-native platform that securely provides backup, disaster recovery and archiving from a single pane of glass, anywhere and on any connected device. The new funding, which was advised by DH Capital, will help Infrascale acquire Eversync Solutions, which expands the company's data protection offering by extending compatibility to include the most widely used operating systems.
"We see a lot of competitive noise in the backup and disaster-recovery markets, but many vendors disappoint because they aren't secure or robust enough for the enterprise," said Ken Shaw Jr., founder and CEO of Infrascale. "Infrascale was purpose-built as a complete data protection solution that can accommodate any computing environment, including servers and endpoint devices."
Infrascale offers the most complete cloud platform for data protection in the industry. Infrascale's platform delivers backup, disaster recovery, archive and collaboration with military-grade security. Headquartered in El Segundo, California, Infrascale's cloud platform runs from 11 data centers on five continents. Infrascale's platform powers over 1,000 independent cloud service companies, VARs and MSPs. Visit www.infrascale.com or follow us on Twitter at @Infrascale for more information.
About Carrick Capital Partners
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide technology-enabled services. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Carrick helps scale great companies that deliver significant returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEO's and entrepreneurs, Carrick fulfills a vital need for investment and growth expertise. For more information, please visit www.carrickcapitalpartners.com.
Venture Capital Database
Venture Capital Deals Spreadsheet