Monday, January 26, 2009

xkoto Raises $3 Million More from GrandBanks, GrowthWorks - Waltham, MA

xkoto, a Waltham-based, database virtualization company, announced on Monday that it has raised $3 million more in financing from existing investors GrandBanks Capital and GrowthWorks Canadian Fund. Founded in 2005, xkoto offers technology that allows businesses to ensure maximum scalability and availability for critical applications. Xkoto said it added several global corporations as customers last year, and closed the year with 275% growth in the fourth quarter. xkoto has now raised a total of $13 million since it was founded in 2005.


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