RainStor, a San Francisco, CA-based infrastructure software company that provides online information preservation solutions, has secured $7.5m in Series B funding from Storm Ventures and enterprise data integration software vendor, Informatica.
Existing investors Doughty Hanson Technology Ventures and The Dow Chemical Company also participated in the round.
The company will use the funding to expand into new markets, grow its partner base, and invest in product development and R&D.
In conjunction with the financing, Tim Danford, managing director at Storm Ventures, will join RainStor’s board of directors.
The company also operates offices in Gloucester, UK.
FinSMEs
10/03/2010