Sonian Raises $13.6M in Series C Funding
Sonian, a Newton, MA-based developer of a cloud-based archiving service, has raised $13.6m in Series C funding.
The round was led by OpenView Venture Partners, with participation from existing investors Summerhill Venture Partners and Prism VentureWorks.
The company intends to use the funding to scale sales and marketing, and accelerate innovation of its flagship cloud archiving products.
Led by CEO Jeff Dickerson, Sonian provides a cloud-powered information archiving platform that enables organizations to address eDiscovery needs, achieve regulatory compliance, and reduce IT costs. The company’s archiving services are compatible with email, instant messaging, and social media systems. It serves Fortune 1000 enterprises and small- and medium-sized businesses in financial services, healthcare and other information-intensive sectors.
In conjunction with the funding, Scott Maxwell, OpenView’s Founder and Senior Managing Director, will join Sonian’s Board of Directors.