Axcient adds $2 million for data backup and recovery services

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… Continue Reading