What is ExaGrid?
ExaGrid is a global provider of data backup and storage solutions, supporting thousands of organizations across more than 80 countries. The company distinguishes itself through its unique customer support model, where all support engineers are direct ExaGrid employees, located regionally and fluent in numerous local languages. This commitment to localized, expert support is complemented by a worldwide network of distributed spares depots, ensuring rapid replacement of system components and minimizing downtime. ExaGrid's appliances are certified in hundreds of countries and feature robust built-in redundancy, including RAID 6 with a spare drive and dual power supplies, enabling continuous operation even in the event of component failure. The company's infrastructure is designed for resilience and global reach, positioning it as a reliable partner for enterprise data protection needs.
How much funding has ExaGrid raised?
ExaGrid has raised a total of $82.7M across 7 funding rounds:
Series A
$5.6M
Series B
$13.5M
Series C
$20M
Series D
$12M
Other Financing Round
$16M
Other Financing Round
$10.6M
Debt
$5M
Series A (2003): $5.6M with participation from Highland Capital Partners
Series B (2005): $13.5M led by Highland Capital Partners
Series C (2007): $20M supported by Highland Capital Partners and Lehman Brothers
Series D (2008): $12M featuring Highland Capital Partners and Lehman Brothers
Other Financing Round (2009): $16M backed by Highland Capital Partners
Other Financing Round (2011): $10.6M with participation from Highland Capital Partners and Tenaya Capital
Debt (2020): $5M led by PPP
Key Investors in ExaGrid
Highland Capital Partners
Highland Capital Partners is a venture capital firm that focuses on investing in entrepreneurs and innovative startups. With a track record of 200 exits, over 50 IPOs, and 40 unicorns, the firm manages $7 billion in assets under management. Their primary clients include entrepreneurs seeking funding and support to grow their businesses. The firm emphasizes a long-term partnership approach to help startups achieve their goals.
Tenaya Capital
Tenaya Capital provides early-growth stage capital to exceptional entrepreneurs focused on building extraordinary technology companies. The firm aims to partner with entrepreneurs who are dedicated to creating enduring businesses. With a team that boasts decades of experience, Tenaya Capital is committed to supporting its clients in their growth journey. Their vision is to be trusted partners in the growth of innovative technology ventures.
Lehman Brothers
Lehman Brothers was a global financial services firm that provided investment banking, equity research, and asset management services. While the firm no longer operates independently, its historical investments indicate a focus on supporting companies with significant growth potential in various sectors.
What's next for ExaGrid?
The recent major strategic investment in ExaGrid signals a pivotal moment for the company, likely enabling further innovation in its data deduplication and tiered backup storage technology. This capital infusion is expected to fuel expansion into new markets, enhance product development, and strengthen its competitive position against larger players in the enterprise storage landscape. ExaGrid's focus on customer support and its robust, globally distributed infrastructure suggest a strategy geared towards long-term customer retention and scalable growth. The company's trajectory indicates a continued emphasis on providing resilient and efficient data backup solutions for its expanding international clientele.
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