Cloud-based data protection provider Infrascale has received $16.3 million in its latest round of funding which will be used to support company growth, accelerate its go-to-market strategy, and fund a key strategic acquisition.
The new funding will help Infrascale pursue the rapidly growing cloud backup and disaster recovery market, and be used towards Infrascale’s acquisition of Eversync Solutions, a provider of cloud-connected, on-premise data protection appliances.
The Series B funding round was led by Carrick Capital Partners, a new investor in Infrascale which envisions Infrascale’s ability provide security to private, public or on-premises environments. Many envision this to become more important as organizations update their security to deal with Bring-Your-Own-Device policies, and workers who increasingly use mobile devices and work remotely.
“Infrascale was purpose-built as a complete data protection solution that can accommodate any computing environment, including servers and endpoint devices,” Infrascale founder and CEO Ken Shaw Jr. said in a statement.
He noted that few backup and DR solutions on the market are secure or robust enough for the enterprise.
This has led many companies to actively pursue the enterprise cloud backup and DR market. Last month, Unitrends purchased cloud data protection provider Yuruware with the intent to extend its backup and DR offerings to AWS, OpenStack, Microsoft Azure, and other third-party public clouds. This year, IBM also introduced new DR and managed security services for SoftLayer cloud customers, and VMware announced a new cloud-based DR available through its vCloud Hybrid Service data centers.
Infrascale’s own cloud-native platform is designed to provide secure backup, DR and archiving from a single pane of glass. By combining Eversync technology, Infrascale will be able to offer data protection across more operating systems, mobile devices, workstations, and physical and virtual servers.
Shaw said, “Infrascale’s mission is to eliminate the complexity and offer a scalable, unified platform capable of supporting multiple device types, file formats and operating systems. The Eversync acquisition simply extends our lead in delivering complete, data protection for any device, anywhere.”