# ExaGrid Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exagrid-systems

- Industry: Software
- Headquarters: Westborough, US
- Website: www.exagrid.com
- Total disclosed funding: $72M
- Latest round: Series E (Dec 15, 2009)
- Investors on record: 4

## About

ExaGrid Systems, Inc. is a provider of tiered backup storage solutions, known for its advanced architecture that enhances backup efficiency and security against data risks, including ransomware.ExaGrid Systems, Inc. specializes in tiered backup storage, focusing on improving backup performance. Founded by Dave Therrien, the company is headquartered in Westborough, US. It has raised USD 10.6 mn in funding, with the most recent round in February 2011, supported by investors including Highland Capital Partners and Sigma Partners. ExaGrid has completed a total of 7 deals since its inception.ExaGrid offers innovative tiered backup storage solutions featuring a disk-cache Landing Zone and a long-term retention repository. Their architecture enables backups that are three times faster and restores that are twenty times quicker than traditional options. This solution addresses challenges presented by data growth and is tailored for enterprise clients across various sectors, including federal government and education, with a global market focus, particularly in North America, Europe, and parts of Asia.ExaGrid employs a subscription-based revenue model, with multi-year contracts ensuring predictable recurring revenue. Clients pay an initial setup fee followed by ongoing maintenance costs covering technical support and updates. The pricing structure is designed to deliver long-term value, reinforced by a five-year price protection policy to enhance customer retention and minimize future expenses.Following the USD 10.6 mn funding received in February 2011, ExaGrid plans to invest in developing new products and expanding its market reach. The company is focused on launching upgraded backups solutions within the next year and aims to penetrate additional geographic regions such as Asia and Europe by 2013. These initiatives will be supported by the recent financing to bolster product innovation and market expansion efforts.

## Funding rounds

- Series E, Dec 15, 2009, $16M — Highland Capital Partners, Patricia Industries, Tenaya Capital, Sigma Prime Ventures
- Series D, Dec 17, 2008, $12M — Highland Capital Partners, Tenaya Capital, Sigma Prime Ventures
- Series C, Nov 15, 2007, $25M — Highland Capital Partners, Tenaya Capital, Sigma Prime Ventures
- Series B, Mar 28, 2005, $14M — Highland Capital Partners, Sigma Prime Ventures
- Series A, Apr 30, 2003, $5.6M — Highland Capital Partners, Sigma Prime Ventures

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B, Series C, Series D, Series E
- Sigma Prime Ventures (https://capitalatlas.ai/funds/sigma-prime-ventures) — Series A, Series B, Series C, Series D, Series E
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series C, Series D, Series E
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series E