Infotech Lead America: Spanning Cloud Apps has secured $6 million in Series B funding from an undisclosed strategic investor who led the round in which existing investor, Boulder, Colo.-based Foundry Group LP also participated. The new funding brings the total capital raised to date to $9 million.
The headcount at Spanning’s Austin-based headquarters is likely to go up from 20 employees at present to 50 by the end of this year.
The cloud computing security provider Spanning, founded in 2010, helps companies protect and manage their information in the cloud by providing reliable, enterprise-class data protection for Google Apps – Gmail, Drive, Sites, Calendars and Contacts.
Spanning introduced Spanning Backup v4.0 in November last year.
As more businesses move from traditional desktop setups to more collaborative and cost-effective cloud-based Google Apps, there is more business critical information in the cloud than ever before. Data loss involving loss of intellectual property, business processes and financial losses could prove fatal for a business. A recent survey by Aberdeen Group found that one-third of cloud computing users have suffered a data loss.
Over five million businesses and 50 million users worldwide use Google Apps and around 5,000 businesses migrate to Google Apps each day. Spanning backup provides a secure cloud-to-cloud environment that protects Google Apps data and SSAE 16 Type II audited processes ensure its integrity. In the event of a data loss or corruption, Spanning back up offers robust data recovery capabilities.
Meanwhile, Spanning’s competitor Backupify had netted about $19.5 million in venture capital last year, with a $9 million Series C round which included investment from Symantec along with existing investors Avalon Ventures, General Catalyst and Lowercase Capital.