Atempo raises $22M more for data backup, recovery and archiving

September 6, 2007 | Matt Marshall

Atempo, a Palo Alto, Calif. company that provides data backup, recovery and archiving services to businesses, has raised $22 million in a second round of funding.

Here’s the announcement.

The company’s software works on Windows, Mac, Linux, Unix, and iSeries operating systems and so has been attractive to businesses that have a mixture of operating systems.

The company says it has more than 3,000 customers.

The financing came from Intel Capital, which led the round, Steelpoint Capital Partners and Ridgewood Capital.

Previously, the company had raised $17 million from Bank of America Capital, KBC Investco and Vision Capital in the tough years of 2000 and 2002 — but those firms are not investing more into the company, having either left the investing world altogether or changed their their focus.

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Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.