SmartVault, a Houston, TX-based provider of Software as a Service (SaaS) online document storage and secure file sharing solutions, closed a $4.5m round of funding.
Backers included the founders of CyrusOne, a global colocation solutions provider servicing the Fortune 1000, and a group of the original investors in Softlayer, a provider of cloud infrastructure-as-a-service solutions (acquired by IBM in 2013).
The company intends to use the funds to accelerate development efforts of its core service offering and scale operations to support the recent partnership with tax and accounting software leader Intuit®.
Led by founder and CEO Eric Pulaski, SmartVault provides accounting professionals with Software as a Service online document storage and secure file sharing solutions to store, view, and share files securely any time and from anywhere. It integrates with popular small- and medium-sized business applications such as QuickBooks, Xero and FreshBooks.
The company is now adding features that further streamline workflow for accountants as well as expand platform support and continue investment in an open API platform, which also supports its ecosystem of partners that are now integrating SmartVault inside their apps. It is also expanding its training and customer care teams to support its customer base, driven by the integration of the SmartVault document management platform with tax applications Intuit Lacerte® and Intuit ProSeries®.