# Axcient

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axcient

- Industry: Software
- Headquarters: Denver, US
- Website: www.axcient.com/
- Total disclosed funding: $44M
- Latest round: Series D (Jan 10, 2013)
- Investors on record: 4

## About

Axcient, Inc., based in the US, specializes in delivering backup, business continuity, and disaster recovery (BCDR) solutions, primarily targeting Managed Service Providers (MSPs) to ensure data protection and uninterrupted operations.Founded in 2006 and headquartered in Denver, US, Axcient, Inc. provides data protection solutions focused on business continuity and disaster recovery. The company has undergone significant growth, recently securing an ADD-ON funding round of USD 450.000 mn led by ConnectWise, LLC. As of September 2024, ConnectWise agreed to acquire Axcient from previous investors, indicating a strategic shift in ownership.Axcient specializes in Business Continuity and Disaster Recovery (BCDR) solutions tailored for Managed Service Providers (MSPs). Their flagship product, Axcient x360Recover, facilitates rapid data recovery through multiple deployment methods, including Axcient appliances, Bring Your Own Device (BYOD), Axcient Cloud, or third-party datacenters. Additional offerings include x360Cloud for protecting applications like Microsoft 365 and Google Workspace, and x360Sync, which provides secure file synchronization with continuous backup capabilities. Axcient serves a diverse clientele across North America and Europe, focusing on industries with stringent compliance requirements.Axcient operates under a subscription-based model that supports MSPs in managing various end-user clients efficiently. Their pricing structure typically utilizes flat-fee storage plans designed for the x360Recover and x360Cloud solutions, promoting consistent budgeting for MSPs. This approach supports ongoing client data availability and underlines Axcient's role in enhancing managed service profitability while controlling costs.In September 2024, ConnectWise, LLC announced plans to acquire Axcient, Inc. for approximately USD 450 million. This acquisition is aimed at bolstering ConnectWise’s cybersecurity and data protection services. Axcient is poised for growth as it integrates into ConnectWise’s broader operational framework, enhancing product development and market reach.

## Funding rounds

- Series D, Jan 10, 2013, $11M — AllegisCyber Capital, Peninsula Ventures, Scale Venture Partners, Thomvest Ventures
- Series C, Oct 4, 2011, $16M — AllegisCyber Capital, Peninsula Ventures, Scale Venture Partners, Thomvest Ventures
- Series B, Sep 23, 2010, $10M — AllegisCyber Capital, Peninsula Ventures, Thomvest Ventures
- Series A, Apr 24, 2009, $2.1M — AllegisCyber Capital, Peninsula Ventures, Thomvest Ventures
- Series A, Sep 9, 2008, $6.1M — AllegisCyber Capital, Peninsula Ventures

## Investors

- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series A, Series B, Series C, Series D
- Peninsula Ventures (https://capitalatlas.ai/funds/peninsula-ventures) — Series A, Series B, Series C, Series D
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series A, Series B, Series C, Series D
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series C, Series D