Wednesday, March 20, 2013

Spanning Cloud Captures $6M More, Has Big Hiring Plans

Austin-based cloud-based data backup provider Spanning Cloud Apps said this morning that it has raised $6M in a Series B funding round. According to the company, the new funding was led by an undisclosed, strategic investors. Foundry Group LP also participated in the funding. Spanning Cloud Apps was founded by Charlie Wood, and develops software specifically designed to help users backup their data in Google Apps. The firm has now raised $9M in funding. Spanning said the funds will go to bolster its employment in Austin, growing from just 20 employees today to 50 by the end of the year. More information »