Colucci Norman
Digg icon reddit icon Stumbleupon icon
Print Email     Print Edition Stories

Thursday, November 8, 2007

ExaGrid pulls in millions in Series C round

ExaGrid Systems Inc. reports receiving a Series C round of funding led by new investors.

Westborough-based ExaGrid, which develops disk-based backup solutions, recently closed on a $20 million round of funding led by new investor Lehman Brothers Venture Partners. Other investors include Lexington's Highland Capital Partners and Boston's Sigma Partners, company officials report.

The financing, which raises the total amount of venture capital invested in ExaGrid to $65 million, is expected to fund additional sales and marketing activities, according to the company.

ExaGrid was founded in 2001, and employs 91 workers.

Digg icon reddit icon Stumbleupon icon
Contact Editor Latest News

Comments

Please Login/Register to post comments.

No comments have been added or approved.

On the MHT blog now

Flagsuit wins another NASA Astronaut Glove Challenge

Southwest Harbor, Maine's Peter Homer won $450,000 in NASA's Astronaut Glove Challenge yesterday. This is Homer's second time winning the contest. Homer's first win in 2007 launched his startup, Flagsuit. Flagsuit is developing pressure suits using the same technology as Homer's prizewinning gloves -- for use as a wearable substitute for hyperbaric chambers used to treat conditions such as ...

Read More

Boston University - MS MBA
Most Popular Stories
EmailedViewed
Stay Informed
Check which newsletter you'd like to receive.
TechFlash (Daily)
FinanceFlash (Daily)
BioFlash (Daily)
GreenFlash (Weekly)
Startup Report (Weekly)
Breaking news, MHT events, local announcements
RSS feeds
Your email:

Affiliate publications: ACBJ.com, Boston Business Journal, Bizjournals.com, Portfolio.com, Wired.com

Web Site Developed by Neptune Web, Inc.

Use of, registration on, this site constitutes acceptance of our User Agreement. Please read our Privacy Policy (updated) A publishing partner with Portfolio