Unitrends, a provider of data management technology, plans to step up research and development as well as its expansion efforts after closing on $9 million in Series C venture funding.
Research Triangle-based Aurora Funds and Trelys Funds, previous backers of Unitrends, participated I the round along with Harbert Venture Partners. Paladin Capital Group led the round.
“Data protection, business continuity and disaster recovery repeatedly rank as top priorities for IT leaders worldwide,” said Philip Eliot, principal at Paladin Capital Group, in a statement. “We believe that Unitrends’ approach to delivering integrated solutions with advanced features in an easy-to-use appliance model is smart and needed in today’s data-intensive business environment.”
Unitrends provides integrated data protection and recovery systems technology.
“Small and mid-sized businesses are particularly challenged to find reliable and affordable data protection and recovery solutions,” said Unitrends Chief Executive Officer Duncan McPherson. “Since day one, our commitment has been to deliver cost-effective solutions that meet the needs of end users, providing advanced features in an easy to install, easy-to-use, and highly reliable system.
“This funding round enables a new phase in the growth of our company, and provides significant flexibility and resources with which to advance Unitrends’ industry-leading suite of fully integrated data protection and disaster recovery products and services,” he added.