Cloud Storage Provider Backupify Gains $4.5M in VC
A company whose technology backs up data from social media services like Facebook and Twitter has received a $4.5 million infusion of cash.
Cambridge, Mass.-based Backupify Inc. received the funding from Avalon Ventures, General Catalyst, Lowercase Capital and First Round Capital.
Backupify’s independent, third-party data backup system is compatible with social media sites such as Facebook, Twitter, Google Apps and Flickr as well as a variety of blogging platforms. Today, the company’s technology is backing up more than 120 million emails, roughly 78 million tweets and 41 million photos.
The cloud storage provider was founded in 2008 in Louisville, Ky. Previously, Backupify collected $900,000 in seed funding.
“My goal is to build Backupify into a world-leading data liberation company,” co-founder and CEO Rob May said. “I am excited that we now have the funding to aggressively execute on our vision of providing businesses with the tools they need to maintain independent control of their data as they migrate away from on-premise solutions to more cloud applications.”
Backupify allows users to back up their cloud accounts to Amazon’s Simple Storage Service.
On Backupify’s blog, May said the company currently stores millions of pieces of online data for hundreds of thousands of accounts. Backupify protects about 50 terabytes of data. One terabyte equals 1,024 gigabytes.
Backupify plans to have military-grade encryption in place by the end of September.
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