# Symform

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

- Industry: Business Support Services
- Headquarters: Seattle, US
- Website: www.symform.com
- Total disclosed funding: $15M
- Latest round: Series B (Dec 1, 2012)
- Investors on record: 5

## About

Symform, Inc. focuses on providing innovative cloud storage solutions that enhance data management and security for businesses. Their services are particularly aimed at corporate clients looking to optimize storage efficiency and data accessibility.Founded in 2007, Symform, Inc. is based in Seattle, US, and specializes in cloud storage technology. The firm was involved in 8 funding rounds and raised a total of USD 3.00 mn, with the most recent funding round being VENTURE DEBT of USD 0.20 mn in August 2014. In that same year, Symform was sold to Quantum Corporation, marking a significant pivot in their business strategy. The founder’s prior entrepreneurial experience is not documented.Symform, Inc. specializes in delivering innovative solutions through its main product offerings, which include cloud storage technology aimed at enhancing operational efficiency for businesses. These products address specific challenges in industries such as logistics, finance, and healthcare by optimizing processes, improving data analysis, and facilitating better decision-making. The company’s solutions are targeted at corporate clients and enterprise-level users, providing tailored offerings that meet the distinct needs of various sectors and have been deployed in North America, Europe, and select markets in Asia.The company's revenue model is primarily structured around subscription-based services and direct partnerships, facilitating a stable and recurring revenue stream. Clients typically engage through annual or multi-year contracts for the company’s flagship software solutions, which are customized to their operational needs. Additionally, direct sales are made for specific products, ensuring service to both B2B and direct-to-consumer segments. The pricing plans are strategically developed to cater to the unique requirements of different industries and client sizes, reinforcing customer retention and long-term relationships.Looking ahead, Symform, Inc. intends to leverage its recent growth strategy by exploring new product launches designed to enhance their cloud storage offerings. The company is also targeting expansion into additional markets in Asia and Europe by the end of 2015. The funding raised through the most recent VENTURE DEBT round will be utilized to accelerate these product developments and market entry efforts, following the strategic sale to Quantum Corporation in August 2014.

## Funding rounds

- Series B, Dec 1, 2012, $3M — Second Century Ventures
- Series B, Apr 25, 2012, $8M — OVP Venture Partners, Longworth Venture Partners, West River Group
- Series A, Jan 23, 2012, $2M — OVP Venture Partners, Longworth Venture Partners, Westfield Capital Management
- Series A, Apr 27, 2009, $1.5M — OVP Venture Partners

## Investors

- OVP Venture Partners (https://capitalatlas.ai/funds/ovp-venture-partners) — Series A, Series B
- Longworth Venture Partners (https://capitalatlas.ai/funds/longworth-venture-partners) — Series A, Series B
- Westfield Capital Management (https://capitalatlas.ai/funds/westfield-capital-management) — Series A
- West River Group — Series B
- Second Century Ventures (https://capitalatlas.ai/funds/second-century-ventures) — Series B