From the Boston Globe Business Team
ExaGrid lands $20 million in funding
November 8, 2007 09:21 AM
Email|
Comments (0)|
Text size
–
+
ExaGrid Systems Inc. announced today that it has received an additional $20 million of funding.
The Westborough company specializes in disk-based backup solutions with byte-level data de-duplication; according to ExaGrid, its patented approach minimizes the amount of data to be stored by providing standard data compression for the most recent backups.
ExaGrid said that its latest funding was led by a new investor: Lehman Brothers Venture Partners, the venture capital group of Lehman Brothers, the global investment bank headquartered in New York.
(By Chris Reidy, Globe staff)
