Infrascale Raises $16.3 Million, Buys EverSyncThursday, June 5, 2014
El Segundo cloud-storage provider Infrascale has raised a $16.3 million Series B funding round that it will use in part to acquire EverSync, a data protection company in Salt Lake City, for an undisclosed amount.
San Francisco venture capital firm Carrick Capital Partners led the round, joining existing angel investors Dan Gregerson and Randy Smerik.
Infrascale’s cloud platform offers a number of business solutions including data backup, disaster recovery, archiving and file sharing. The company also makes software that companies use to access its services. It said the EverSync acquisition will beef up its data protection offerings across the most widely used operating systems.
The company said in a statement that its cloud platform is protected by “military-grade security.”
Carrick Capital Partners co-founder and Managing Director Marc McMorris said the cloud-storage market is expected to boom over the next 10 years due to the increasing number of remote and mobile workers.
The appeal of the cloud-storage market has been felt locally. In April, Red Hat of Raleigh, N.C., bought Los Angeles open-source storage software developer InkTank in April for $175 million.