Datto, Inc., a Norwalk, CT-based provider of backup, disaster recovery (BDR) and intelligent business continuity (IBC) solutions, closed $25m growth equity financing.
The round was led by General Catalyst Partners.
The company intends to use the funds for international expansion, product development for wider market penetration, and enhanced services for existing customers.
Founded in in 2007 by Austin McChord, CEO, Datto provides organizations with advanced backup, disaster recovery (BDR) and business continuity solutions which combine an image-based approach, employ dual agent backup, and are based on a hybrid cloud model. They are scalable to meet the needs of every business (in a wide range of vertical markets including: healthcare, financial, education, banking, legal, manufacturing, retail, and municipal), regardless of size, with options ranging in size from 150GB to 100TB. It sells exclusively through its channel Partners.
The company also added Steve Herrod, former CTO of VMware and managing director at General Catalyst Partners, and Paul Sagan, executive vice chairman of Akamai Technologies.
Datto is hiring (read here).
FinSMEs
04/09/2013