DataGravity, a Nashua, New Hampshire-based data-aware storage platform provider, closed $50m Series C funding.
The round was led by Accel Partners with participation from existing backers Andreessen Horowitz, CRV and General Catalyst Partners. In conjunction with the funding, Ping Li of Accel Partners joined DataGravity’s board of directors.
The company, which has raised $92m to date, will use the proceeds to accelerate product development, expand upon its commercialization and marketing efforts.
Led by Paula Long, CEO, DataGravity is the creator of a data-aware storage platform that allows IT professionals and line-of-business users to store, protect, search and govern their data. Its patent-pending architecture, powered by the DataGravity Engine, analyzes data as it is ingested without impacting performance, so administrators and users can explore and use data to derive insights that increase productivity and efficiency.