Cleversafe Raises $31.4 Million From Motorola, VC Firms And … The CIA?

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Resilient storage solutions provider Cleversafe this morning announced that it has secured $31.4 million in an extension of its series C funding from new and existing investors including Motorola Ventures, New Enterprise Associates and OCA Ventures.

Earlier this week, the cloud storage company also announced that it had received a strategic investment from and inked a development agreement with In-Q-Tel (IQT), the not-for-profit investment firm that was launched by the CIA back in 1999.

IQT’s mission is described as “identifying, adapting and delivering innovative technology solutions to support the missions of the U.S. Intelligence Community”.

The funding will be used to support Cleversafe’s growth, ongoing product development for the Cleversafe object storage platform, and further expansion into key markets such as government and public safety where storing sensitive data in the cloud is becoming more and more mission-critical.

Cleversafe’s Dispersed Storage technology, which has been in the commercial market for more than two years, transforms data into “secure slices” and then disperses them to multiple storage nodes, typically across three or four data centers.

  • http://jetlib.com/news/2010/10/27/cleversafe-raises-31-4-million-from-motorola-vc-firms-and-%e2%80%a6-the-cia/ Cleversafe Raises $31.4 Million From Motorola, VC Firms And … The CIA? | JetLib News

    […] Read the rest of this entry » […]

  • http://midventures.com/2010/10/cleversafe-raises-31-4m-round/ Cleversafe Raises $31.4M round « midVentures: technology partners

    […] $31.4 million round from Motorola, New Enterprise Associates and Chicago’s own OCA Ventures, reports TechCrunch today. According to TechCrunch: The funding will be used to support Cleversafe’s growth, ongoing […]

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