Backupify Secures $9 Million in Series C, Mainly From Symantec

Backupify, Inc., provider of online backup services for cloud application data, has secured $9 million in Series C funding from Symantec Corp. as well as existing investors Avalon Ventures, General Catalyst Partners and Lowercase Capital.

In combination with previous funding, the company has now raised a total of $19.5 million.

The company will apply the funds to accelerate further development and adoption of its backup solutions and support for additional online services.

Over the last three years, Backupify has safeguarded data for more than 5,000 businesses, backing up more than 300TB stored including more than two billion emails. This growth and position attracted Symantec to participate in the funding round.

"As more data is stored in cloud-based services, the threats to that data posed by user error, corruption and hacking also increase. Maintaining a secure second copy of cloud-based data can mitigate each of these risks," said Anthony Woolf, senior director, corporate development, Symantec. "We support Backupify’s efforts to help consumers and businesses protect the data they create in cloud applications."

"Backupify has made tremendous progress since their last round of funding," said Rich Levandov, MD, Avalon Ventures. "The company has deepened its support for Google Apps, added support for Salesforce.com, and continued to scale its sales and marketing efforts. This funding round will enable the organization to continue its rapid growth in size and scope."

"Every day the CIOs and I.T. leaders we talk to are asking us to support more of the cloud-based applications they use to run their businesses. This new round of funding will enable us to extend our market leadership by adding more features and products to fuel new customer adoption, and help businesses move to the cloud with confidence," said Rob May, CEO, Backupify. "We’re excited to have Symantec involved in this investment, validating our strategic vision to drive innovation in cloud data management and backup."