What is LiveVault?
LiveVault Corporation specializes in automated, continuous online data backup and recovery. Its services protect server data by storing it securely in an Iron Mountain facility, ensuring immediate availability for recovery 24/7. By leveraging strategic partnerships with industry leaders such as Iron Mountain, Hewlett-Packard, and Microsoft, LiveVault provides essential business continuity solutions tailored for mid-sized enterprises and the distributed operations of larger organizations. The company's core offering revolves around safeguarding critical business information against data loss and enabling swift restoration.
How much funding has LiveVault raised?
LiveVault has raised a total of $35M across 3 funding rounds:
Private Equity
$17M
Private Equity
$8M
Series B
$10M
Private Equity (2000): $17M with participation from Iron Mountain
Private Equity (2002): $8M led by Matrix Partners and Atlas Venture
Series B (2003): $10M supported by Sevin Rosen Funds, Adams Street Partners, Matrix Partners, and Atlas Venture
Key Investors in LiveVault
Matrix Partners
Matrix Partners is a venture capital firm known for its strategic investments. Their involvement suggests a focus on companies with strong growth potential and established market positions.
Atlas Venture
Atlas Venture is a venture capital firm that typically invests in early-stage companies, particularly in the biotechnology sector. Their participation may indicate a belief in LiveVault's foundational technology and long-term vision.
Iron Mountain
Iron Mountain is a global leader in information management and storage. Their investment as a strategic partner underscores the integration and importance of LiveVault's services within a broader data protection ecosystem.
What's next for LiveVault?
The recent major strategic investment in LiveVault signals a phase of accelerated growth and potential market expansion. This capital infusion is likely to be directed towards enhancing its service offerings, scaling its infrastructure to meet increasing demand for secure data backup and recovery, and potentially exploring new technological advancements in data protection. The company's focus on enterprise-level solutions positions it to capitalize on the growing need for robust disaster recovery and business continuity planning in an increasingly data-centric business environment. Further development in cloud-based solutions and advanced threat protection will be key strategic imperatives.
See full LiveVault company page
