Jungle Disk Triples Growth Capital With Investor Funding

Jungle Disk has tripled its growth capital by raising additional funding from existing investors.

The investment will boost marketing and sales efforts to capitalize on the company’s product development momentum since spinning out of Rackspace US, Inc. in January 2016.

Over the last year, Jungle Disk has doubled its R&D and customer service teams.

“We are pleased to announce the additional funding as it enables us to accelerate our growing awareness among small businesses as well as educate them on how they can keep their critical data safe with an affordable, reliable and on-demand modern security solution,” said Bret Piatt, CEO, Jungle Disk. “Over 90% of small businesses who suffer a major data breach do not survive. We want to help eliminate cyber threats and believe in our products so much that we back our network security service with a $50,000 data breach guarantee.”

The Jungle Disk data security suite is designed for 2-250 employee businesses with important digital records and data. Recently, he company released a new network protection service and updated versions of its cloud backup software to enable businesses to better protect their data from both accidents and attacks.

New network protection service and enhanced software versions include:
    •    Network Firewall and Ransomware Protection Service – The affordable service is an enterprise-grade network protection from ransomware, malware, viruses, bots, denial-of-service (DDoS) attacks and other sophisticated cyberattacks that frequently target SMBs.
    •    Enhanced Cloud Backup Software – With the updated versions of the cloud backup software, customers benefit from faster backup search, the choice between continuous real-time or scheduled backups and enhanced compatibility for Windows, macOS and Linux clients.

“Small businesses need an easy-to-use data security solution that will protect their most critical data without forcing them to pre-pay for long-term contracts or expensive equipment,” said Russell Faldik, CFO, Leonard Holding Company. “With the growth capital investment, Jungle Disk has a big opportunity ahead to increase brand visibility in the market and grow customer adoption. I look forward to watching the company’s successes in the coming year.”

Throughout 2017, Jungle Disk plans to make additional enhancements to its data security suite.

Headquartered in San Antonio, TX, the firm serves over 25,000 customers across the globe with data centers in North America and Europe.