Pioneers in cloud-based data protection solutions, Infrascale announced that it has received $16.3 million in its Series B round of funding, led by new investor Carrick Capital Partners.
In a statement Infrascale said that the investment will support the company’s growth, accelerating its go-to-market strategy and allowing Infrascale to quickly expand its product line through the strategic acquisitions.
Joining existing angel investors Dan Gregerson and Randy Smerik, Marc McMorris, co-founder and managing director of Carrick Capital Partners, will be involved as an active member of Infrascale’s board, and Steve Unterberger, CTO of Carrick Capital Partners, will serve as a board observer.
Carrick’s investment in Infrascale is consistent with the firm’s focus on scaling fast-growing technology-enabled services and software-as-a-service businesses.
“Trends in BYOD and the increasing number of remote and mobile workers create a long-term market opportunity that will continue to unfold over the next ten or more years as companies evolve in the way they procure and use technology,” said McMorris.
Meanwhile, Infrascale has reached an agreement to acquire Eversync Solutions, a provider of cloud-connected, on-premise data protection appliances.
Infrascale said that with this acquisition, the company extends its data protection platform to include support for the growing list of operating systems, servers and devices critical for corporate computing.
The combined technology of Infrascale and Eversync creates the most complete platform for data protection (including disaster recovery, archiving and backup) across mobile devices, workstations, and all forms of servers, physical and virtual.
The cloud backup and recovery market exceeded $2 billion in 2013, according to IDC, and the Eversync acquisition further bolsters Infrascale’s ability to pursue this market, the company said.