Data Dynamics Closed $9 Million Financing Round

Data Dynamics, Inc. closed on a $9 million financing round to support its strong product traction and market adoption.

It deployed in over 25% of the Fortune 100, helping drive hundreds of millions of dollars in cost savings and risk mitigation.

Its Unified Unstructured Data Management Platform, comprised of StorageX and the new Insight AnalytiX product offerings, provides customers a single, comprehensive platform to modernize, manage, and secure their data.

The firm will use the proceeds of this new investment to scale its sales and marketing teams, and expand its product portfolio.

“Enterprises are challenged daily with finding an effective means to manage data sprawl while mitigating risk associated with exposure of sensitive information. With the release of StorageX 8.2 and Insight AnalytiX 1.1 as part of our new Unified Unstructured Data Management Platform, we are able to offer our customers a value proposition that they cannot find with any other provider – an all-in-one data management solution that provides data-driven actionable insights, reduces storage costs, and ensures the compliance and governance of sensitive content,” said Piyush Mehta, CEO. “This new capital will allow us to innovate faster to further expand our market leadership position and increase our customer reach to meet the needs of enterprises globally. I am so proud of our team and excited to leverage the capital to drive a new era of growth for the company.”

DH Capital, LLC, an investment banking firm serving companies in the Internet infrastructure, communications, and software sectors, organized this round of investment.

“We are pleased to support Data Dynamics as the company continues to prove its ability to execute vs. its strategic product roadmap and hire the right individuals to lead the way,” said Joseph Duggan, chairman and co-founder, DH Capital. “Data Dynamics is well-positioned to assist large enterprises with managing their ever increasing volume of unstructured data and the increased regulatory scrutiny around data privacy. We look forward to partnering with Piyush and the entire Data Dynamics Team.”

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