![]() ![]() It’s important to note that backup is different from storage. The tool is platform agnostic, so it backs up even Macs and Linux machines and it backs up to the cloud, so users can recover their files from anywhere, even on a new machine. Files are backed up automatically and Payne claims end users can restore files themselves in most cases. One of the advantages of Crashplan is that it’s easy to use, and rarely requires IT intervention after it’s in place. Today’s investment brings the total to $137.5 million over the two rounds.Ĭrashplan began life as a tool for backing up your laptop, pivoted to the enterprise and has been growing fast - 100 percent year over year, according to Payne. Existing investors Accel and Split Rock Partners also participated. The round was led by JMI Equity and New Enterprise Associates, Inc. It gives us years of runway and capital to invest in our business,” he said. “This is the last private round we need to do. They were reluctant to take more and risk diluting existing shares.Ĭode42 went with two big rounds separated by several years, but this could be it says Payne. “This was the amount of money we needed for the next stage of our growth,” he said. The company could have gotten more if it wanted it, according to CEO Joe Payne. It has had only one previous round for $52.5 million at the beginning of 2012. ![]() Code42, the Minneapolis-based developers of the Crashplan enterprise backup tool, announced a massive $85 million round today. ![]()
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