Sunday, May 6, 2007

Carbonite Raises $15 Million for Online Backup Service

Carbonite, a start-up based in Boston, raised $15 million in Series B financing for its online backup services for consumers and small businesses.

Carbonite said it recently backed up its one-billionth file since launching its service in May 2006. Carbonite's data center has over 1.5 petabytes of storage. In the past year, Carbonite's customers have been able to recover nearly 100 million digital photos, documents, emails and other files that otherwise would have been lost forever.

The funding round was led by Menlo Ventures, which joins existing investors 3i Group and Common Angels.