Digital investment and financial analysis

Backupify Receives $9M Series C Funding

July 17th, 2012 | Posted by jasmine in cloud computing | Entrepreneur | Start ups | Technology

Business First recently reported on company that has received venture-capital funding in the article “Symantec Joins $9M Series C Round for Backupify.”

Cambridge based Backupify Inc. uses web-based software to provide online backup and local download for cloud based web applications including Google Apps and social media services like Facebook, Twitter and Flickr.

Backupify has raised $9 million in Series C funding from Symantec and three current investors, taking its total funding to $19.5 million.

According to Backupify’s founder Rob May:

“his company’s new round of funding is a signal that providing backup for cloud-based apps is starting to go mainstream. ‘I think this is a validation for the space, with a large publicly traded company coming in and saying, ‘This is important, we want to be part of this,’  May said.”

We agree with May’s assessment and look forward to seeing what this startup does with the funds.

Jasmine Ashton, July 17, 2012




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