What is Electronic Storage?
Electronic Storage, operating under the brand LaserVault, is a specialized provider of virtual backup and recovery solutions tailored for IBM Power Systems, with a particular emphasis on IBM i environments. Their core offering, ViTL, is designed to replace traditional physical tape backups with a streamlined virtual tape library system. This technology enhances operational efficiency, reduces costs, and modernizes data protection strategies for businesses across critical sectors such as banking, healthcare, and manufacturing. Leveraging over 35 years of industry expertise, LaserVault collaborates with a network of reseller partners to deliver robust and innovative data resilience solutions globally.
How much funding has Electronic Storage raised?
Electronic Storage has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Electronic Storage
PPP
Public-Private Partnership
What's next for Electronic Storage?
The company's recent 'major strategic investment' within a 'large-scale late-stage funding' context suggests a phase of significant scaling and market expansion. This capital infusion is likely to fuel further product development, enhance sales and marketing efforts, and potentially explore new strategic partnerships or acquisitions. Electronic Storage is poised to solidify its leadership in modernizing data protection for IBM Power Systems users, capitalizing on the increasing demand for efficient and cost-effective backup and recovery solutions.
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