Cloud backup vendor Infrascale today closed a $16.3 million Series B funding round and immediately made an investment by acquiring backup deduplication appliance vendor Eversync Solutions.
Infrascale did not disclose the amount of the transaction, but its CEO Ken Shaw said Eversync has millions of dollars in annual revenue and will expand Infrascale’s technology.
Infrascale’s products include Infrascale Backup for physical and virtual servers, Infrascale EndGuard for end point devices, Infrascale FileLocker for file sharing, and SOS Online Backup for consumers and small businesses. The company was known as SOS Online Backup until 2012 but changed its name because the SOS brand was associated with consumer backup, Shaw said. Eversync also goes by a different name than it used originally. It started out as Revinetix.
The Eversync appliances hold from 2TB to 176TB of raw data, and can handle more than 1 PB of usable capacity with dedupe. Shaw said Infrascale will continue to sell Eversync’s current products but will add its own software to create disk-to-disk-to-cloud backup products later this year.
“We [Infrascale] do source-side and target-side dedupe but we haven’t gotten into the appliance space yet,” Shaw said. “This allows us to put a lot of our technology onto their appliances. We’ll do that for physical and virtual appliances.”
All Infrascale applications back up to the cloud, as do the Eversync appliances.
“Cloud backup and integrated appliances are two parts of the backup market that are growing,” Shaw said.
Shaw said Eversync’s 18 employees will join Infrascale. The Eversyc team will remain in Salt Lake City. Infrascale is based in Los Angeles.
Carrick Capital Partners led the funding round with DH Capital participating.
Shaw said Infrascale is profitable and the funding round “is not about sustaining runway. It’s about making long-term strategic additions to our technology.”