Grax, a Boston, MA-based data value platform, raised $12.8m in Series A financing.
Volition Capital made the investment.
The company intends to use the funds to accelerate adoption of its platform.
Founded in 2018 and led by CEO Joe Gaska, Grax allows businesses to preserve, recover and act on their data. The platform captures an irrefutable and recoverable record of every single change that happens to data over time. It allows businesses to keep their backup and archive data in their own storage environment and makes this historical data available for analytics alongside live data.
Customers include a number of the top Fortune 100, emerging technology unicorns and companies in Healthcare and Life Sciences, Financial Services, Retail and e-Commerce, Media and Communications, Manufacturing, Cloud Computing, Consumer Packaged Goods, Government and Non-profit.