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Online Backup Start-Up Revert in New Zealand Raises $1.2 Million

$1.6 million received to date

New Zealand-based cloud backup specialist Revert has secured a further $1.2 million in funding bringing the total funding received to date to over $1.6 million.

The investment round was led by Punakaiki Fund imited, who were joined by leading technology sector investors, existing investors, and founder and CEO, Richard Chetwynd.

Revert is growing and currently backups over 90 million files (over 80TB of data). With 5,800 active users on board in four months, it has a solid growth path ahead.

Our latest round of investment enables us to extend our proven backup solution out to more SaaS applications and to introduce intelligent new data monitoring and security features,” says Chetwynd.

Currently, Revert provides backup services for many of the major cloud providers – including Google Drive, Dropbox, Evernote, and MailChimp – while working on solutions for more business-focused apps like Salesforce and Box.

Moving to the cloud led many people to stop worrying about backup services. Unfortunately, being in the cloud doesn’t mean your data is immune to data loss, theft, and security breaches. Having a backup of your cloud-based data is a great first step and we are expanding on that vision,” says Chetwynd.

However, Chetwynd says the real strength of Revert’s offering lies in proactive management of data security: “We can see when someone is accessing cloud-based data and identify the theft or sharing of confidential information among other things. Being able to see that kind of activity and respond before it becomes a problem is a new frontier for data security, and Revert will be at the forefront of that movement.

He expects this kind of capability to extend Revert’s reach into the corporate and business markets and the new funding will help drive the company in this direction.

Lance Wiggs , Punakaiki Fund, said: “It’s not the first time at the rodeo for Rich, Nicole Fougere or their investors and advisors, and they have identified a genuine unmet need in the market. The product is working well and with the addition of enterprise features we agree that the future looks extraordinarily strong.

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