Datto, a Norwalk, CT-based provider of comprehensive data backup, recovery and business continuity solutions, raised $75m in Series B funding.
The round was led by Technology Crossover Ventures (TCV). In conjunction with the funding, Ted Coons, general partner at TCV, joined Datto’s board along with Patrick Gray, a board director of Civitas Solutions, Inc., and Ursula Burns, Chairman and CEO of Xerox Corporation.
The company, which has now raised just over $100m in total, will use the funds to continue to invest in its global expansion and to accelerate product innovation.
Founded in 2007 by CEO Austin McChord, Datto provides backup, recovery and business continuity solutions used by thousands of managed service providers worldwide. Its Total Data Protection Platform protects customers’ business data on premises, in virtual or physical servers, or in cloud-based SaaS applications.
The company manages more than 160 petabytes of data and more than one million backups a week for its customers.
FinSMEs
17/11/2015