Data Robotics Raises $10 Million

Data Robotics, Inc. has closed $10 million in Series E financing. The recent round of funding was led by Focus Ventures, a firm specializing in expansion stage venture capital, with participation from existing investors Greylock Partners, New Enterprise Associates (NEA), RRE Ventures, and Sutter Hill Ventures. Data Robotics will use this investment to accelerate research and development programs and expand global sales and marketing initiatives.

Data Robotics has experienced double-digit growth in every quarter of 2009 and recently announced 100 percent growth in worldwide sales over the second quarter of 2008. In addition, over 240 new resellers were added to Data Robotics’ worldwide channel. The Drobo family of business class and professional data storage solutions offers a unique value proposition that combines simplified capacity expansion and self-healing data protection.

"Unlike many companies over the past year, Data Robotics has continued to demonstrate a strong track record of revenue growth to justify a strong positive valuation," said Kevin J. McQuillan, co-founder and General Partner of Focus Ventures. "Data Robotics’ patent-pending BeyondRAID technology is truly revolutionizing data storage for SMBs and creative professionals and we look forward to working with the Data Robotics team as they continue to expand their business."

"We are excited that Focus Ventures understands our unique position within the storage market and has joined our team of investors," said Dr. Geoff Barrall, CEO and co-founder of Data Robotics. "This recent funding shows the level of confidence that our investors have in Data Robotics and their firm belief in our ability to deliver continued growth in current markets while rapidly expanding our reach into new opportunities."