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Leading provider of backup services for cloud-based applications now poised to accelerate growth and expand online data management services
CAMBRIDGE, Mass., Sep 07, 2010 — /BackupReview.info/– Backupify, the leading provider of online backup, archiving and export services for cloud-based social media and SaaS data, today announced that it has secured $4.5 Million in Series A funding co-led by Avalon Ventures and General Catalyst, with additional participation from Lowercase Capital and First Round Capital. This round of investment will enable Backupify to accelerate its product development capabilities while expanding its focus on data management services that target the increasing amount of data that enterprises store in cloud-based applications.
With the announcement, Backupify has also named Rich Levandov, General Partner of Avalon Ventures, as the most recent member to join the company’s Board of Directors.
“We are extremely excited to lead this round of funding for Backupify–a company we have followed for some time now. As enterprise-adoption of social media and other cloud-based solutions continues to increase, there emerges a significant need for their independent backup solution to protect data from accidental and malicious loss,” said Levandov. “More importantly, however, we are impressed by Backupify’s broader vision for the future of cloud data management as they continue to evangelize the importance of providing businesses with complete visibility and access to their data.”
Founded in 2008 by Rob May, Backupify’s independent, third-party data backup system is compatible with the world’s most popular social media sites including Google Apps, Facebook, Twitter and Flickr. Increasingly, Backupify’s value proposition has also been greeted with enthusiasm from enterprise customers looking to not only secure their data from harm, but also to control it independently while positioning themselves ahead of the regulatory curve as social media compliance legislation gains momentum with lawmakers. As more data moves to the cloud, enterprises will need to be able to access and transport their data easily and this round of funding will ensure that Backupify remains positioned at the forefront of this trend.
“We are continually impressed with Backupify’s strategic direction and the momentum their solution has been able to generate,” said David Orfao, Managing Director of General Catalyst. “As Rob and his team continue their dedication to their customers’ evolving needs and set their sights on the next phase of the company’s product development, we will continue to provide them with the guidance and tools necessary to accelerate their growth and help them capitalize on new market opportunities.”
Backupify’s primary objective with this round of funding is to further ensure that their customer’s cloud data is secure, portable and easily exportable. The company will also leverage the investment to expand operations and explore other exciting product and partner opportunities.
“My goal is to build Backupify into a world leading data liberation company. I am excited that we now have the funding to aggressively execute on our vision of providing businesses with the tools they need to maintain independent control of their data as they migrate away from on-premise solutions to more cloud applications.” said Backupify Founder Rob May. “With the support of our investors, we are excited to continue to explore the vast potential of our technology to change the way that data is controlled and managed in the cloud.”
Previously Backupify had raised a Seed Round of $900,000 led by First Round Capital, with investments from General Catalyst Partners, Betaworks and individual investors Chris Sacca, Jason Calacanis, Andy Swan and Bob Saunders. The company also received angel funding from Dharmesh Shah, CTO of Hubspot; Sean O’Leary and Sterling Lapinski, Co-Founders of Genscape; and Vik Chadha, Co-Founder of Glowtouch.
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