Intronis Raises $12M

Intronis, Inc., a Boston, MA-based provider of cloud backup solutions for the IT channel, raised $12min funding.

The round was led by new investor Greenspring Associates, with participation from OpenView Venture Partners and the company’s executive management team.

Intronis intends to use the capital to hire additional associates, further develop its technology and expand its market reach in the U.S. and abroad.

Founded in 2003 and led ad Interim by Jay Bolgatz, CEO, the company offers a Cloud Backup and Recovery platform for the IT channel, which provides a secure data solution for offsite and local backup, U.S.-based customer support, and is integrated to major services in the MSP ecosystem. Later this month, the company will announce general availability of its new release which will support virtual machines and cloud-based infrastructure to enable channel partners to streamline the overall management of online backups for multiple virtual machines across several servers to the cloud, as well as on premise locations.

FinSMEs

09/11/2012

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