What is LiveVault?
LiveVault Corporation specializes in fully managed online data backup and recovery services. The company's core offering involves the automatic and continuous backup of server data, which is then securely stored in remote Iron Mountain facilities, ensuring immediate availability for recovery 24/7. By leveraging strategic partnerships with industry leaders such as Iron Mountain, Hewlett-Packard, and Microsoft, LiveVault provides robust business continuity solutions tailored for mid-sized enterprises and the distributed operations of larger corporations. Its services are designed to protect critical data and ensure operational resilience.
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, Atlas Venture, and Matrix Partners
Key Investors in LiveVault
Matrix Partners
Matrix Partners is a venture capital firm known for its strategic investments, with a history of backing technology companies. Their involvement suggests a focus on growth-stage companies with strong market potential.
Atlas Venture
Atlas Venture is a venture capital firm that typically invests in early-stage biotechnology companies. Their participation in LiveVault's funding round may indicate a diversification of their investment portfolio or a strategic interest in data security for specialized industries.
Iron Mountain
Iron Mountain, a global leader in storage and information management services, provides secure, offsite data storage solutions. Their investment in LiveVault highlights a strategic partnership aimed at enhancing data protection and recovery services for a broad client base.
What's next for LiveVault?
With the recent major strategic investment and a substantial overall funding history, LiveVault is positioned for accelerated growth and market penetration. The company's focus on secure, offsite data backup and rapid recovery is increasingly critical in today's data-intensive business environment. Future strategies will likely involve enhancing its service offerings, expanding its technological infrastructure, and potentially exploring new market segments or geographical regions. The ongoing commitment from its investors signals confidence in LiveVault's business model and its capacity to address evolving data protection needs.
See full LiveVault company page
