Deals

Axcient adds $2 million for data backup and recovery services

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Axcient, a San Jose, Calif. provider of data backup devices and services, says it brought in $2 million more to bring its first round of funding to $8 million. It raised the first $6 million in September from Allegis Capital and Peninsula Ventures among others.

Based in Mountain View, Calif., the company will use its new funds to add more features to its products. It says its userbase has grown more than expected in the last several months, upping the number of customer requests that it hopes to meet.

The recent $2 million was provided by Thomvest Ventures, a firm specializing in software-as-a-service, networking and semiconductor investments. It should last Axcient through next year, the company says.


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