Deals

Intronis raises $12M in funding
Date: 
Thursday, November 8, 2012
Location: 
Boston, MA
Deal Type: 
Funding

Intronis, Inc., the leading
provider of world-class cloud backup solutions for the IT channel, today
announced the company received $12 million in funding led by new
investor, Greenspring Associates, with participation from OpenView
Venture Partners and the company’s executive management team.

Interim CEO Jay Bolgatz said Intronis will use the funding to hire
additional associates, drive greater technology innovation and expand
the company’s market reach in the U.S. and abroad. “This is a tremendous
opportunity for Intronis to build on the success of our technology and
further support our channel partners with the industry’s leading cloud
backup and recovery solution and support,” explained Bolgatz.

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