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Print Edition StoriesThursday, December 18, 2008
ExaGrid VC round raises $12M
By Mass High Tech staff
ExaGrid Systems Inc., a Westborough developer of disk-based backup solutions, has pulled in $12 million in a fourth round of venture capital funding. The Series D financing brought back investors Highland Capital Partners of Lexington, Lehman Brothers Venture Partners in New York and Sigma Partners of Boston, an ExaGrid official confirmed.
The funding comes just over a year since ExaGrid’s Series C round, which brought in $20 million, raising the company’s total venture capital at the time to $65 million.
Founded in 2002, ExaGrid develops disk-based backup systems to replace disk-to-tape data protection. The company offers data compression and byte-level data de-duplication technology.
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