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Axcient Accepts $25 Million Growth Venture Capital

Thursday, February 19, 2015 5:33:00 AM PDT | VentureDeal
   Mountain View, California  --  Storage technology company Axcient has secured $25 million in growth stage venture capital investment.

Axcient provides what it calls "the first plug and play data protection service to make business continuity and online backup simple for small and medium-size businesses."

Industry Ventures led the round, which included previous investors Allegis Capital, Scale Venture Partners, Peninsula Ventures and Thomvest Ventures.

The company said it would use the round to invest in its sales and marketing initiatives and to double its R&D efforts.

Axcient is headed by CEO Justin Moore, venture partner at Thomvest Ventures.

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