Sonian, a Dedham, Mass.-based provider of an archiving solution to store and manage data in the cloud, secured $7.5m in venture debt.
Ares Capital Corporation provided the financing.
The company intends to use the funds to accelerate product development and staffing efforts.
Led by Tim McKinnon, CEO, Sonian provides a cloud-based archiving platform that preserves, protects and presents the world’s information. More than 20,000 customers in 40 countries use Sonian’s platform and search to retain and retrieve valuable data and to protect the intellectual property in business email. The company manages more than 20 billion objects in the cloud.
FinSMEs
14/10/2015