Caringo, an Austin, Texas-based provider of object storage software, secured $8.8m in Series B funding.
Backers included New Science Ventures and Advantage Capital Partners.
The company, which has raised $33m in total funding, intends to use the capital to continue development, marketing and distribution of Caringo Swarm, accelerate its product roadmap, expand in key vertical market segments and continue to invest in demand generation and awareness programs.
Founded in 2005 by Jonathan Ring, CEO, Caringo provides a storage platform for data protection, management, organization and search at massive scale. Its flagship product, Swarm, eliminates the need to migrate data into disparate solutions for long-term preservation, delivery and analysis—reducing total cost of ownership.
The solution is used by the Department of Defense, the Brazilian Federal Court System, City of Austin, Telefónica, British Telecom, Ask.com, Johns Hopkins University and other hundreds worldwide.