Monday, May 07, 2007

Carbonite Raises $15 Million in Second Round - Boston, MA

Carbonite, a Boston-based provider of online data backup services for consumers and small businesses, has raised $15 million in its second round of venture capital, led by Menlo Ventures. Other investors in the deal include 3i Group and Common Angels. Carbonite launched its service one year ago. The company said in an announcement on Monday that its revenue "has climbed rapidly and the company recently backed up its one-billionth file." Carbonite's service provides automatic backup of data on personal computers over the Internet.


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