Sunday, September 7, 2008

Carbonite Raises $20 Million for Online Storage Services

Carbonite, a start-up based in Boston, closed $20 million in C round funding for its Online Backup service, which was originally launched in May 2006. So far, the company said it has backed up more than 4 billion files, has restored more than 300 million lost files for its customers and has a large data center where capacity is measured in petabytes.

The funding round was led by Performance Equity of Stamford, Conn., with participation of all of Carbonite's existing institutional investors, including Menlo Ventures, 3i, and Common Angels Fund. The round brings the total raised by the Boston-based company to approximately $47 million.