imgres-9Spanning Cloud Apps has closed on $6 million in Series B funding.
The Austin-based company makes backup software for Google Apps.
The company reported that an undisclosed strategic investor led the round and Foundry Group of Boulder, Colo. also participated.
Since its founding in 2010, Spanning Cloud Apps has raised $9 million.
“We’ve spent the last two years building the best backup system on the planet for the millions of businesses that use Google Apps,” Charlie Wood, CEO and founder of Spanning, said in a news release “This infusion of capital will allow us to accelerate the build-out of our direct sales team and reseller channel, while extending the product lead we’ve established over our competitors. It also provides us with an important strategic partner.”
The company plans to hire additional workers. It currently has 20 employees and expects to have 50 by the end of the year.
“Businesses are increasingly moving away from the traditional desktop-based Microsoft Office to the more collaborative and cost-effective cloud-based Google Apps,” according to the company. “With over five million businesses and 50 million users currently leveraging Google Apps worldwide, and 5,000 businesses migrating to Google Apps each day, it represents the fastest growing business productivity solution segment.”
“Spanning’s cloud-to-cloud backup solution solves a critical issue for leading organizations worldwide whose data is at risk,” Seth Levine, managing director, Foundry Group, and Spanning board member, said in a news release. “This leadership team has extensive experience in Google Apps and a deep track record of success in enterprise software. They are building the right culture and have a great vision for growing their business.”